Re: Water in Tilt/Trim System
First off, where is the leak? Sometimes on a '92 it is the top of the motor housing which leads to rust which cause the reservoir top seal to break down which lets the water drip into the oil. Sometimes it is the shaft wiper at top of the tilt piston. Sometimes the centering ring around trim piston pops out from galvanic corrosion and water gets in there.
If the leak is on a ram then just wipe out the water with a clean rag while rebuilding the cylinders. Takes about 4 hours and $25 in parts. However, 1992 might have the metric tilt head and then the top tilt seals are not available.
If the leak is in the motor then get a 3/16" Inverted flare union from NAPA along with a short lenth of brake tube, a length of small rubber tube, and some mineral sprits. Disconnect the pump. raise and lower the system by hand and collect the fluid in a bucket as it sprays out. stick hose into mineral sprits and raise system to suck up into rams. raise and block into place. swap hose so that mieral sprits are sucked into top when you lower. As you lower the bottom half of ram s will spray out mineral spirits and the top will suck in fresh. repeat a few times. If your boat is freshwater only then it's probably easier to just rebuild the darned things. If it has been in saltwater then flushing is probably easier.