If the prop shaft is bronze check carefully for wear at the stuffing box and the cutless bearing. Bronze is pretty soft and will wear in these areas. If it is bronze, it may be necessary to cut the shaft to remove it. Scrape some of the crud off the shaft and you will be able to tell whether it is bronze or SS.
Another option is simply replacing the shaft with SS.
While the shaft is out, consider replacing the coupling with a split coupling, much easier to install and remove. Also change the cutletss bearing. It is probably worn and is much easier to replace with the shaft out.
To remove the shaft it may be necessary to drop the rudder. That would be a good time to carefully inspect all the steering gear and replace any worn cables.
I've used Deep Blue Yacht Supply for a new shaft and bearings. Fair prices and good service.
www.deepblueyachtsupply.com
Another option is simply replacing the shaft with SS.
While the shaft is out, consider replacing the coupling with a split coupling, much easier to install and remove. Also change the cutletss bearing. It is probably worn and is much easier to replace with the shaft out.
To remove the shaft it may be necessary to drop the rudder. That would be a good time to carefully inspect all the steering gear and replace any worn cables.
I've used Deep Blue Yacht Supply for a new shaft and bearings. Fair prices and good service.

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