Update...
I went ahead and twisted the volcano tube out with a strap wrench. Came out easily and all fiberglass looks intact and solid. The pipe is threaded at the base I'm assuming for a purchase point for the fiberglass? I didn't really notice any threads in the fiberglassed volcano. I bit the bullet and ordered the new CD tube with the lower ball swivel holes. I figured why not make it right and be done with it. I plan on epoxying it with Gflex 650. Anyone disagree with this plan. I'm new and learning.
Steve, G Flex 650 is a great choice for epoxy. Getting the new volcano tube is a good idea, and consider your self SUPER lucky that your old tube just turned out of the old threads but left them intact. This makes replacing your volcano MUCH easier than others may have it. Basically you really just need to put the G Flex on the threads of the new tube and turn it in... but here are some things to keep in min.
- Getting a good bond; everything needs to be really clean, especially the 'threads' left in the original fiberglass. Use the toothbrush sized wire brush, stainless steel or brass bristle, and really scrub out that fiberglass. Using a flash light on the translucent fiberglass to see, make sure you get and dirt out and scuff it up a bit. Use acetone or denatured alcohol to clean up.
- Mark the tube with tape. Use the old tube as a guide and the tape a collar around the tube with painters tape where the rubber exhaust tube will seat. You don't want to get epoxy on this area.
- Scuff up the tube with sandpaper, this will help your bond... but just up to the tape line you marked. Wire brush between the threads too, then clean with a degreaser and again with denatured alcohol or acetone.
- Dry fit the tube before you epoxy. Make sure it will thread in level and plumb. You may want to have some weighted objects that can use to brace it in the proper position (you did mention a small amount of play). The tube does not have to tighten into the threads like a bolt, once it is threaded down and the turning ball pin is oriented correctly you can stop. Look at how the tube seats in the hole from the bottom of the boat, plan ahead on what epoxy squeeze out might do and how you will address it.
- When you butter the threads with mixed epoxy do it liberally, and also butter the threads in the glass. Squeeze out can be wiped away from the top, but you don't want have too little epoxy.
G Flex is a strong but slightly flexible epoxy, I have no doubt it will make an excellent water proof seal on the new tube. I would still recommend reinforcing the volcano tube union by adding some fiberglass tape. After the initial attachment of the new tube has cured overnight, sand down the volcano from the tape line all the way down the fiberglass (several inches), get all the old paint off and sand it really good with 80 grit. Use some two inch fiberglass tape or pre-cut strips and build up a new joint with the glass. The technique here is basically just wrapping it like you are making a cast. Go several inches down but don't have to go all the way to the deck.