I am needing advice on best way to proceed. I have water coming in transom and it is now rotten. Boat transom being rebuilt. The question is what to do with the transom/gimbal assembly? It is the older gen II design with the lower carriage bolts going thru the transom plate(It appears water was coming thru lower bolt area and 1 bolt cracked when removed). I noticed the new design has studs. Wondering if I should buy a new outer transom plate, rebuild what I have, or buy a whole new transom assembly because of the time, tools, and parts cost needed get it done right. I noticed the sender unit wires are cracked and insulation is missing. I had the bellows and gimbal bearing replaced 2-3 yrs ago. I have never done anything to the lift cylinders. Assembly has some corrosion which will need to be repaired as well but not too bad. I clean and repaint every year. The boat is in the water full time from May thru September. I want to make sure to not have any water leak problems and don't want to have to pull motor and take it all apart any time soon. Any help would be appreciated.