Re: raw water impeller housing
Merc stopped using the water pump housing with the seal in the top at serial # 3780849, that was in 1973. After that they only have the rubber slinger. If your housing is showing ANY sign of melt, then replace it. When the housing melts the SS insert moves away from it's design position, and that reduces volume of water it can pump. That, in turn, will lead to less cooling water in the engine, and a possible overheat.....
Chris.........