The Alpha and "R" water pump bases are DIFFERENT!
They have different part numbers and will not interchange!
They LOOK almost identical but they are not.
If you have a pre-load pin at the top of the driveshaft, you have an "R" drive.
If you have NO pre-load pin, then you have an Alpha drive.
If you have NO pre-load pin and a stainless housing, then you have an Alpha Gen 2.
Water Pump Kits!
Kits include Impeller, Wear Plate,
Gaskets, O-rings, Upper Housing,
and small parts kit.
Part Number
46-96148A8 For MC-I, R, MR & Alpha One.
Part Number
46-44292A3 Alpha One Water Pump Base (Fits Alpha One ONLY)
Part Number
46-57234A1 PreAlpha One Water Pump Base (Fits R style with the pre-load pin)
Mercury-Mercruiser 47-89984T5 is just an IMPELLER KIT 'Water Pump...
http://www.mercruiserparts.com/89984t5-repair-kit-w-p