My thanks to Lonewolf, SeaDawg, Bill G, Alcan and Keg. Your advice/encouragement taught me how to pull the lower unit on my Merc 500 50 hp outboard. Turns out the impeller is good, must have been replaced just before I bought this rig. Bad news is a seal down there is shot...my lower unit lube looks like clabbered milk! Guess I need to take it in and have the seal(s) replaced.<br />Now the really bad news. No matter how this big ole boy holds his mouth, the lower unit won't flush up tight to its base. A 1/8th inch gap remains, no matter what. I think the short splined shaft up front is the culprit, but no matter how I turn it I get the same result. Close but no cigar. I cleaned the splines on the short shaft and there is a rubber eccentric (think that's the term) on it. I can position the shorter splined shaft so the driveshaft and prop shaft are in neutral, but when I put the lower unit up and snug up all the bolts I find i have forward gear and no neutral or reverse. I must be really dense, or am doing something WAY WRONG!