Hey Scott, yeah they all will leak eventually. The seals themselves will fail, on mine I did not use a Spedi sleeve on mine and it has held just fine for 10 years. The new seals are pretty good and sill probably work well even if the cam surface is grooved a bit. The op said the waterpump needed to be replaced, but on the 470 there is no "water pump" to replace, anyway not like in a conventional engine. There is just an impeller bolted to the end of the cam, which should last forever. The only thing that would ever need to be replaced is the cam seals, and the indicator for that is the weep hole leak. On a conventional engine the seals and bearings can fail, and then you replace the waterpump. So me being a "470 guy", when the op said it needs a new waterpump, I am thinking impeller. Yeah we think differently