When mine let go I did it myself. Another reason why I hate I/O!!
You should replace it with aluminum but thats going to cost! as why I did not use one at the time. I painted it with some bridge paint a friend had. But today I would have it sprayed at a bed liner place.
Chain Fall and a tree works well to lift the motor out, flip it over and you good to go.
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1986 V20 
Old Fishermen never die, we just SMELL that way!!
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