Stern Tube Bearing?
I might look foolish when others post, but I don't think that there is any bearing in the stern tube. I'm assuming that you are talking about the tube through which the propellor shaft exits the boat. There is packing material, impregnated with a grease or teflon, that is compressed by a pair of nuts on the inside of the tube. You loosen it so just a little water drips, prior to using the engine. But no bearing in there. Even if you have one of the dripless seals, it really isn't a bearing, more of a seal with mated surfaces, teflon, graphite and some other hi-tech stuff.But as to your problem, 1/4 inch of play in the propellor shaft after exiting the hull seems like way too much! If mine has any lateral movement, (also on a h34), it isn't noticable. I was just under 2 days ago, scraping barnacles off the shaft! In fact, wth 1/4 inch of play, I would imagine water would stream in at such rate that your boat would be on the bottom, pretty fast!I would look at the coupling of that shaft to the engine at the flange. The bolts that fasten that flange together can easily come loose, especially if they've been replaced with new stainless steel. I used those stainless steel nuts that are self-locking (with the plastic one-time inserts) after mine came loose a year ago. Or you can use iron, like mine originally were, and the rust will eventually seal them!