Re: Lower Unit Question 85 hp(850) Merc
Lower units with the preload pin have a tapered driveshaft bearing which requires the preload; other lower units were designed to use a straight ball bearing which does not require preloading.
One very easy way to tell with the lower unit removed is to grab hold of the driveshaft and yank it up and down; a preload-design will have a lot of free play, whereas one without a pin and with straight bearing should have little to no discernible free play.
Fitment wise, it should bolt right up.
Only one caveat, if the old lower unit's driveshaft has an O-ring groove and the newer one doesn't, you might want to grind a groove to match. If both shafts appear identical in that respect (groove or no-groove), you're good to go.
Earlier shafts used an O-ring on the driveshaft, which rode on the inner diameter of the crankshaft; newer designs used a separate stainless seal assembly pressed into the crankshaft. The seal assy holds the O-ring in place, and the seal is formed against the smooth O.D. of the driveshaft.
HTH..........ed