Are you sure it isn't the hoses leaking? I just went through this with 200 I just got. It looked like the valve dripping, but it was a hose spraying down towards the valve. The valve will run you about $75 for a new one. My 85 had to be replaced due to a leak that wouldn't stop with new seals and greasing. I would keep the valve if it was mine. The other style is for the closed deck blocks(93+) with a different cooling flow pattern and a pressure pop-off valve. If it has made it 22 years, why not just put it back for another 20 years?
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2011 SUNDANCE B20CCR SKIFF, 2011 YAMAHA 90HP 4 STROKE, 2011 KARAVAN SINGLE AXLE ALUMINUM TRAILER, LOWRANCE ELITE-7 HDI, MINN KOTA RIPTIDE TROLLING MOTOR
2000CC HYDRA-SPORT 225+HP EVINRUDE SOLD 
AND THE PINK JEEP!!!! R.I.P.
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