I've always used large amounts of 5200 myself. I do my best to cover the inside of the hole before inserting the bolt, then I put a coat on the shoulder of the bolt before inserting it, the excess builds up under the bolt head sealing it water tight, then I put some around where the bolt exits the transom, and bolt the engine on. Has worked well for me so far.
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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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