Working on a 1986 alpha sterndrive.With a260 mercruiser v8 Over the winter i replaced the transom and outer transom plate. I replaced all the bellows and seals. When sitting in the water i have a slight trickle of water leaking at the bottom of the transom inner plater. Looked like it was coming either from the exhaust y-pipe or where the trim hoses come thru. I filled the bilge up with water no leaks evident on the outside. I've ran the engine for a good 45 minutes at 1500 rpm,s on muffs and the bilge stays bone dry. Is possible to still have a leak in the exhaust somewhere that will only show up when it's in the water do to outside water pressure? I beleive it's exhaust cause when i pull the boat out after a 15 minute run the water is rather warm