Further food for thought-
Mine has seen salt water, but not frequently. It's pretty clean inside and out. VERY little corrosion. It's been in Michigan fresh water only for the last 3 years now.
AND
If I release the emergency bleed down screw at the bottom of the cylinder, the engine will drop on it's own with just gravity. No evidence of any binding whatsoever.
The way the motor literally bounces on the way down, I'd be really surprised if there's not some air trapped in it somewhere. I bought the motor 5 years ago from a dealer on an "as-is/where-is" basis. I was thinking the engine may have spent some time on it's side - improperly stored in other words, allowing air where it shouldn't be at that point.