Re: Impeller housing bolts
The holes in the stainless plate are sized to clear a 1/4 inch bolt. Yours was probably stuck from corrosion. I have had good luck with nickel based anti-seize from Locktite. I buy an 8 once plastic jar from Pep Boys for around 6 bucks. I have also seen engines that were assembled with black RTV silicone and that did seem to work well at sealing threads from corrosion. I have also heard but not seen the use of Vaseline petroleum jelly.
You do have the option of drilling the tapped holes deeper but if it is the older two piece, one bolt hole can not go too deep or it will enter the oil chamber. Heli-coils are an option but again, you still need to coat the bolt to prevent electolytic corrosion with the aluminum pump.
If yours is still the two piece that uses the pin drive prop, (I think Chrysler went to one piece in 1979) I have a couple of your lower units. Even though they look nice, they are regressive in design with a couple of major engineering flaws. Props are getting more difficult to find-- but not impossible. I have a number of three bladers, a bronze two blade, AND a couple of bronze solid hub two blade racing wheels.
But back on track-- You really should not invest a lot of money into repairs of these older lower units. For the same amount of money, you can but a newer Chrysler or Force junker engine and swap the mid and lower leg onto your engine. Everything fits. Then you have a lower unit which has a better selection of props AND is 2-3 MPH faster than the two piece.
But, you can do almost anything you want if you throw cubic money at it.
Even with a newer lower unit, At what point does it become not economical to repair. If you do the work yourself, Heli Coils will still cost upwards of 20 dollars in parts (unless you have a free source). but if you are going to invest over 100 bucks, you need to think twice as a lower unit can be had for around 300 if you search long enough. I have one or two with broken skegs and at 100 bucks a pop for a welder it is cheaper and faster to simply replace. However, my friend has just acquired a mig welder so I will learn aluminum welding. Then the repair is worth it.