It's a moderate chip, maybe 1.5 to 2 inches missing. Did not affect handling at all...but prop protection is gone. Skeg Guard would def work...now to get one for a 1974 Mercury 50 hp. Waiting to hear from the vendor. Will post pics later today. Not too bad.
The funny thing about this story is that when the old boy bought this boat in 1974, he had my bother and I take the Power Squadron course so we would be as knowledgeable as he was in boating. I was only 12 or 13 years old. We all passed the course, so the first time out, we were heading from Jefferson Park landing in Menasha out to lake Winnebago. I haven't been out that way in a while, but there is a red buoy to a mark a hazard and the channel, well we started arguing about the "red on right when returning from sea" rule...Pops considered the lake "sea" and we argue that the ocean, which is downstream a few hundred miles was "sea"...Well, we lost to the old man and he went on the wrong side of the buoy and tore the skeg off, about the same as it is today....lol