Re: Looking to purchase and older 9.9 outboard
Lower unit oil is so cheap, why not just change it on general principals?
And if it has a little water contamination, it will emulsify in with the oil (tan to white milky color) and lubricate just fine, as long as you don't try to run it all season--or multiple seasons. Again, lower unit oil has significant corrosion inhibitors. Even if there is a little free water, the oil binds up free oxygen so as long as the lower unit is not opened, rust will not occur on the steel parts. (rust is ferric and ferrous oxides--it's not water that makes rust, it is oxygen combining with iron and forming oxides.)
But again Lower unit oil is cheap--so are water pump impellers. Change both of 'em on general principals--cheap preventive maintenance and the engine will probably last longer than you..