I'm working on a '85 Evinrude 120 hp model E120TLCO. I just resealed the gearcase and installed a new water pump. All that sees to work just fine. I should say that I bought this boat/engine a couple months ago and don't know much of the history. I have not had it on the water yet. I'm checking just about everything because it hasn't been registered since '96.<br /><br />While checking the lower unit on the muffs I noted a slight water leak (a few drips) between the power head and the exhaust housing adaptor at the rear of the engine. I haven't check the bolts yet as I ran out of light. I know this is a short coming but wonder if it is a major concern? I would appricate any feed back.<br /><br />Also is fixing this problem that big of a deal? I used to build jet engines, race cars and all that stuff so the mechanics don't scare me. I just haven't tackled one of these yet. Any supprises I should know about. My OMC manual does a pretty good job for a generic set of pictures.<br /><br />Thanks.