The next time I was able to wheel that motor out into the light I started off by pulling the gearbox plugs. A very small amount of black pudding oozed out

Today I pulled the lower & took it apart to change the impeller & inspect the gears. The impeller looked awful and I'm surprised it worked at all. The gears had no visible wear and the pudding wasn't sparkly or chunky. I doubt modern powdered metal gears would take that abuse & not show any damage!
I resealed the box & put it all back together with a new Sierra impeller. In my haste I didn't catch that I was ordering a "replacement for" rather than genuine OMC part--but I trust Sierra.
Because of the RTV I couldn't test today to see if that was causing the motor to cough & stop when in gear. Fingers crossed.