@RSHunter27 ,
###quick edit###
The more I see of this project, the more I wonder why you are reinventing the drive train.
Simple is usually better, and while you may improve the overall drive train, you are adding a ton of complexity.
I would. Be going back to the basics….
1) remove the shaft and check for straightness, wear and corrosion / pitting. My 30 year old bronze shaft was in terrible shape…wear grooves in several places, circumferential cracks in many places. The shaft may need to be replaced.
2) check the cutlass bearing and importantly, the alignment. Hopefully the strut isn’t bent, broke or out of alignment…pain to get it right.
3) replace the old stuffing box with a dripless. That Johnson seal should work, but I have not used one. The
end that clamps to the stern tube is the end you can trim down. The (Large end) has a seal in it. You cannot cut that end off. Let us know how it works….I considered that before I bought a Volvo Penta rubber stuffing box….which I like.
4) engine alignment…hopefully final step.
At each step along the way, I would be checking to see if the shaft turns easily, and stays in the middle of the stern tube.
Greg