Where do I start. I was out today and all of a sudden there was a metal to metal sound. It looks like my Bravo III has a big problem. I can smell burnt oil if I stick my nose close to the outdrive. The lube oil was out of the resouvour that I checked before I ran today and it was full. I stopped the engine immediately and had it towed to the ramp. Do I start by taking it all apart or is it better to just buy an new upper and lower unit. Will it cost me about the same if I get it fixed or replaced? Sometimes the labor costs will make the decision. It is a 1997 5.7 EFI with the Bravo III and the outdrive never needed any fix until today. I guess I got my monies worth out of it but it's a big number if I replace it.