Re: 5.7L Merc Alpha One, known problems
Two sections to an I/O... the 'I' for inboard, that's the engine... and the 'O', that's the drive.
Your engine is a GM350. Mercruiser have been using that since they put one in the Arc.... Long, long history and a very solid and reliable engine...
Your drive is an Alpha one, generation II. All the problems of gen I were addressed and solved with Gen II. The only issue I have seen with the Gen II is one of nuts and bolts getting stuck. My solution to that is when I install one, I take the nuts and bolts out, one at a time, and grease them... The other issue is the bellows. Some of the early Gen IIs had hinge pins that were about one thread too long and they would rub the bellows when the steering was turned to the locks. Just keep an eye on the bellows and have them replaced when they start wearing...
Chris.......