Re: late 90s Volvo Penta / OMC questions
94-95 was what I heard as the transition to the OMC/Volvo partnership. Those styles could overlap by a couple of years, so you really just need to know what your looking for vs. just going by the year of manufacture.
Your second pic is a OMC/volvo partnership drive just like the first pic. It looks exactly like mine (95 OMC). The 'hump' on top of the drive is a dead giveaway that it is the 'newer' partnership drive.
Here is a pic of the older OMC Cobra.
Below is a pic of the partnership OMC/Volvo drive.
The newer style drive also has a raw water pump mounted inside the boat and is belt driven. Mine (Ford 5.0 302) is mounted just under the alternator.