I've had this for some years now. After couple of days of not spindling the prop, I get this grinding noise whenever I run and engage in Fwd or Rev gear.
Grinding noise will go away after 10mins of Fwd. Then I've to engage to Rev and it goes away after about 10mins. Clearing the noise in Fwd spin will not clears it for Rev and vice-versa. Thereafter no more grinding noise (or very very much lesser) for next coupling of days. Looks like MTBN (mean time between noise) is about 5-6 days. So is it barnacles on shaft or in Cutlass? Last I checked, Cutlass has little play so no problem there. Gearbox oil looks goldenly good & at correct level ...as always. During several hours of motoring, there's no sign of anything untoward with the gearbox or shaft. I've Yanmar 2GM20F with Kanzaki KM2P-1 gearbox driving a Kiwi Prop. Noise happen with whatever prop I used. 
Appreciate advise and insight. Thank you.
Appreciate advise and insight. Thank you.