Re: 1972 140 merc Bell housing removal
Yes, I agree with Bond-o - absolutely on the shift cable. That's one of the only "specialty" tools you will need is the right tap. Your old cable, unless it has been changed, probably screws in from the fore side of the bellhousing. The newer cable will screw in from the aft side. You will need to buy the right tap to chase the threads all the way through.
If you do that be sure to buy a straight pipe thread tap - NOT tapered pipe thread tap. There is an official mercruiser tool, but you can also simply buy a tap with the right dimensions from a properly equipped hardware store. (You will probably not find the right tap in your local hardware store - I had to buy it online myself. Didn't cost much money, but it is simply one thing to be aware of).
The rest is not that difficult and you should be able to do it yourself.
Don't bother buying a new exhaust bellows. Simply reuse the old one. It will be easier to put back on than a new one, and it isn't a big deal if it develops leaks.