Upon inspecting my AQ125 exhaust bellows (Volvo OEM) I noticed a very small hole about 2" in from the end and I was wondering if it was factory. The hole is about 1/16th of a inch and looks factory formed. Is this a factory weep hole ?
Yes, it is a weep hole to let the water drain out when you take the boat out of the water.
It caught me by surprise on my first outing as well but found that the manual describes how to install the bellow with the hole down.