I just purchased a 1960 hall craft,Hull is in great shape however the V-drive has a high pitch scream,what could it be the alinement or mabey the oil,it looks and smells like ATF fluid is that right.
My xmission (Borg-Warner Velvet) uses ATF but my Walter V-Drive uses 30W oil. Not much that can be done to mine in the boat, it sounds like a bearing has died. Maybe its got ATF where it should have got oil? (ouch!)