Re: MERC 500 Lower unit TOOLS
I made my own and that was 30 years ago, so I am just guessing what the OEM wrench looks like, but from a functional standpoint, you (obviously) have a handle on a large, thin, circle (has to fit over the propshaft, so maybe it's not all that thin) with squared off, somewhat thick, fingers (probably about 6) that are bent perpendicular to the circle. It is these fingers that fit into the slots in the bearing carrier nut.
The housing is threaded and you are talking about aluminum that has been painted and been in service for 30 years. Don't expect the nut to unscrew easily. Get a Dremel tool with the wire brush attachment and clean out the threaded groves before attempting to dislodge the nut. A thorough dousing with PB blaster or suitable solvent would help to loosen the corroded interface.
Once the nut is off, the whole assy can be pulled out using the propshaft, and may require a shaft removal hammer...something to grasp the prop shaft/nut with a sliding weight on it that can be slammed to the rear...impact style.
The spanner has to fit the diameter of your gearbox....(3.5" or thereabouts) and several of the midrange engines share that sized housing.
Mark