i store mine w/o the drive every winter for the last 8 or so years. no problems.
i did make a cover for my bell housing though.
i used a piece of left over plexiglass from some windshield repair.
cut the plexiglass to fit. use the gasket as a template. cut a hole for the shift lever. i epoxied a vitamin c bottle over the opening. my helm must be in reverse for the cover to fit. cut some hose to fit the studs and use the drive nuts and washers to push the plate snug with the bell housing. ya can use the gasket for the drive if it's mostly intact after drive removal. i suppose ya could get a new one too as that gasket if plenty cheap.
i've gone to storing w/o antifreeze for the past 5 years or so, also w/o ramification.
the cover is pretty easy to make (just a rough cut out as long as it fits) and won't take ya very long to make it. a sabre saw, glue and a sharpie are the things ya need to do the deed.