Re: Bellows replacement
To get the 1/2" allen socket you will probably spend about $15. I would still look at the real thing for an additional $20. Once you add up all your parts, you are talking about $150 to $200. I would not want to be chiseling out a pin cause I tried to go cheap on the one tool.
It's always recommended to check the engine alignment each time you pull off the outdrive. Pulling off the outdrive IN NO WAY can change the engines alignment, though. The alignment check itself is really easy. All you do is slide a metal rod into a hole. If it goes easily, then the alignment is good. If not, then you need to adjust the engine until it does.
So, you will find yourself in 1 of 2 scenarios.
#` You order the alignment tool, wait for it to arrive and then check your alignment. It slips right in, and you think "I just wasted money and time with this check".
#2 The other scenario is you do not do the alignment check, but you engine happens to have shifted or sagged a little over the years. Within a few times of taking the boat out to the lake, your new gimbal bearing gets fried or you burn up the engine coupler cause the alignment was off. In that case you think "If I had only spent the $$$ to get that tool."
While you have everything taken apart and are doing the work, it just makes sense to do the alignment check. However, the engine is in the exact same alignment it was prior to you taking the drive off. So, there might be a little comfort in knowing that it will be as good (or as bad) as it was before.
Your decision.
I got a kit with all 3 bellows, the water hose, gimbal bearing and a gasket set from a local boat shop for $150. There is a guy on Ebay that has the kit for about $100 that has been mentioned on the forum a few times. I would get the kit with an exhaust tube, save yourself the hassle and the extra money needed for another special tool.
That's my 2 cents...