Some water...
I have a 1977 too. When sailing, I get water in the bilge. Maybe an inch. The stuffing box is on the list to be re-stuffed this spring.
I actually am getting more water as she sits on the hard. It looks like it is trickling from the stern under the gas tank, under the engine into the bilge. I've had to pump it out twice in between thaws.
I did install another bilge pump. There are now 2 in the bilge, one attached to a 1/2" hose that is temporarilly tee'd to the main 1 1/4" bilge hose. Another project to add a seperate through hulls for both bilges.
Good luck!