OK - It may seem like I'm agonizing over this too much, but here's my thinking.
Sliding the shaft back so I can pull the tranny is a bit interesting with the PSS packing. Have to loosen the collar/rotor and slide the shaft, while keeping the seawater flow at or near zero. Not an easy thing I am betting. Install instructions for PSS say clearly (liability...) install MUST be done out of the water. Since the shaft cannot exit the tube because of the rudder, but COULD go so far as past the collar, I would have to leave the shaft coupler on. AND, it may not be enough to remove the tranny...
HOWEVER
The PSS packing I have was reused when we replaced my bronze shaft with stainless 19 months ago. It is at least 10 years old, and all indications from the web are that they should be replaced every 6 years. Plus all the black debris bits shaving off and spread in the bilge leads me to believe a replacement is in order. Paulj - Is this what you were concerned about?
Anyway, I have no way of knowing if the yard reused the setscrews (probably did), which is absolutely a no-no according to many scary stories and PSS' own instructions, as they "squash" when they are installed, and must be new EACH time you install to allow for new "squash." Otherwise the collar can slip forward, and start leaking (!!!).
So - I am concluding a haulout and a couple days on the hard is on order to fix this right. The PSS new is only $206, and all can be done without worrying about water. Plus it will be the new design with the vent hose, so no more having to remember "burping" after haulout. Might explain the black bits...
The haulout will probably be the most expensive part
I figure a little over half a BOAT unit (Break out another thou).
I actually enjoy these problems (really). The cost sucks, but I enjoy the research, the community discussions and inputs, and the satisfaction when it's all done (CORRECTLY).
Speaking of the community - THANKS for all the inputs here. This is (to me) what the IA's are ALL about.
Jon Freeman
Tacoma, WA