08-23-2007, 07:17 PM
I have a 1980, Diamarco, 21 daycruiser. Has a 7.4L chevy with a Borg Warner Velvet Drive, and a Mercruiser outdrive. Has performed perfect but, has developed an oil leak at my velvet drive (red fluid) that is leaking at the transom of the boat. When run for a period of time, I can lift the rear engine cover and fluid and water will actually leak right down the transom of the boat to the bilge pickup. Assume this must be a seal. Anyone have any ideas or dealt with this?