Re: '65 6 HP Water Pump Question
The 1965 models were changed from prior ones. Starting in 1965 you no longer have to pull the powerheqd to remove the lower unit because there is a shift rod connector down by the pump.
OK, now, about the seal at the top of the drive shaft: Starting in 1965 it stays in place when you remove the lower unit. That is accomplished by a ledge below the seal. The shaft must to be turned till the pin in the shaft will go down through a slot in that ledge. If you just force it off without turning it for alignment, it will shear off the ends of the pin. Likewise, once the lower unit is removed, you should avoid turning the flywheel till the lower unit is back on. That is so that the splines in the crankshaft will stay aligned with the slot in the ledge. Also likewise, once the lower unit is removed, notice which direction the pin is pointing so you can orient it for re-installation.
IF you do all this and observe the precautions, the seal will have stayed in place and there will be no more work to do in that area. If you didn't do it right, well......