I don't know what year it is. I am guessing 1982, as it is a mechanical shift? When you speak of the quadrant gear are you referring to the tilt mechanism? If so there is zero play there. The vertical play I am referring to is on vertical axis with the driveshaft(water pump shaft). There is up/down that is noticeable but I would say less than an eighth of an inch. Left/right play would be perhaps 5 degrees-ish?
As we talk about this, I remember that as I pull into the dock, or travel at low speeds I need to make a lot of rather drastic steering corrections. I thought that this might be normal, as I have never owned or driven a boat prior to this. It is a crestliner crusader 775. I am starting to think that the steering play is not normal. It would be the true course steering I think, as (if I understand it correctly) the steering wheel does not want to move if you take your hands off the wheel. Once you get going it steers fairly easily and with no noticeable pulls.
One thing I did not take apart was the steering portion of the upper gearcase. I probably should have, as in other parts of the boat I found some pretty shoddy workmanship. It would still be good to know what is normal though.