Yes, it'll work...but then you gotta store it someplace while not in use...a swim-platform permanently attached to the transom is more useful IMO...if you feel you need something heavier than a typical swim platform, there are some pretty heavy duty transom-mount ladders as well...
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'74 V-20/ BF 150
'95 V-21/ BF 150
'84 V-20/ 200 2.4 Merc
'87 V-20/'18 F150 Yamaha
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