when you removed the outdrive for the water pump fix did you line up the shifter? that will make it in gear and not start. if the lower unit is cracked is it holding oil in th gear box?? if not its junk, and you would have to get it rebuilt and welded or replace, bet it be cheaper to look for a new rebuilt or good used one.
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1986 V20 
Old Fishermen never die, we just SMELL that way!!
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