It seemed like a good idea because the dry storage I'm in is closing and it's not that much cheaper than a slip. I spoke to a local guy that services Mercruiser and he said that because there are a lot of liveaboards in that harbor, I can expect bad electrolysis problems with the aluminum outdrive.
Right now I have to drive an hour each way, then launching, parking the trailer, haul out, washdown and flushing the motor takes me close to 2 hours by the time she's put away and covered. The 4 hours of overhead keeps me from going out as much as I'd like.
It sounds like a better choice would be to find a new dry storage location closer to home. Time for more research...
Thanks for the replies.