Re: drain water out of lower drive unit omc cobra please help
Just went through this myself, not to long ago. You will have to pull the drive off to get that screw back in there. It has a backing clip that holds it in place and probably has fallen down into the water jacket in the outdrive.
There are three screws on the outdrive that need to be removed to drain properly. Make sure you know the locations of these three screws before removing any! This one day will become a sticky, but no mod has listened yet.
This is the one you "DO NOT" want to remove. This is normally behind a sticker, but most the stickers are long gone on these outdrives. There are 3 other screws that do get removed, one on the port side, two on the starboard side. If you remove the outdrive, there is not a need to remove any of them.