Re: broke bolt lower unit
Drilling stainless is a bit of an art, work slow, use a very slow drill and use plenty of cutting compound like trefolex. .
Basicly when I do it I put pressure on for a few seconds , then back off for a few seconds, then back on etc......
As F R said, if you don't know how to do, get someone with lots of experiance. I would be doubtfull that a new housing would be needed.
It's only 26 years old....... people have motors that more than twice that age and can still fix problems like that without having to replace the leg. My 40hp is from 1968, it had several problems like your's and all were fixed any major drama. And yes....It has seen only saltwater use in its 39 years of service.