Re: Grease is grease?
While any grease is better than no grease, You would be better off getting a tube of Mercruisers spline grease. It's made specifically for the coupler splines, and that is something you really want to use the right stuff on, not really good for bearings though.
If you are using Merc's grease, don't use the 2-4-C on the gimbal bearing. Since they added Teflon (many years ago) they had a service bulletin about not using it because it cause the bearing to slide, not roll as it should.