Given the time since last water pump servicing, I went ahead and pulled the lower unit to install new kit. Lo and behold, no exhaust cover!!! The impellor housing and water tube inlet on top of the housing are both partially melted. The unit itself was still pumping with good water pressure, but I now feel like at higher end, I was pushing super heated water into the power head.
My next problem is figuring out which exhaust cover will work. Luckily, I found both type covers (short and long) used, on ebay, from the same seller. They said they'd let me return the one that doesn't fit.
I can't believe the knucklehead that did the last water pump job for me didn't tell me it was gone! I even asked him about the exhaust soot that was on the both sides where the midsection and lower unit mate up. He said something like, "they do that sometimes." Maybe he needed one???