I just replaced the water pump on a merc 500 I just bought from a private party. I was fortunate that the lower unit came off easily, however, it appears someone had tried fixing the pump before and had a rough go of it...one lock nut missing, one stud stripped and the gaskets were installed in the wrong order. Fortunately I have a service manual and put it all back together correctly (with a new pump and re died stud). The problem I have is I removed the bushing from the top of the shift shaft to clean it and must have turned the shaft in the process. I'm not sure what position the shaft should be in now. I'm pretty sure I can align the bushing by checking the location of the matching bushing on the mid unit but the shaft itself turns about 200 degrees. It's in forward gear as the prop ratchets clockwise (resistance counterclockwise) - this is the position I put the lever in when I started this project but where should the shift shaft be set when I reinstall the bushing - all the way clockwise, cc, or centered. Again once I know what position to rotate the shaft to I can align the bushing. Thanks for any help.