I found this metal piece up against the shift shaft in my bell housing of my merc alpha 1. This part of the housing is exposed to the exhaust bellow/tube. Any ideas what it is or where it came from? The other piece is not around.

bond-o said:It appears to be a part of an Exhaust Flapper........
It was mounted Up-stream in the Exhaust pipe..........
bond-o said:It keeps lake water from rushing back Up the pipe Into the cylinders..............
Do you Never,......... Stop Quickly,..??...
Back Into a Wave,..??....
bond-o said:At the Top of the Downpipe on an inline motor,....
Or, In the Same location of a Y-pipe on a V motor,.......
Is Where the Flappers live,.....
It's accessed by pulling the Riser that's Just Above it.........
Along with the short Rubber Hose that connects them.........