i use to just use same grease that i have in the grease gun for berrins, always works good.
also i would take cable out and use a wire brush (i used 12 gauge shot gun cleaning rod) spray with pb or wd what ever and clean it well, grease all when putting back together
problem is with most of these boats, you can't get the cable out with out removing the motor.
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1986 V20 
Old Fishermen never die, we just SMELL that way!!
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