This time I did replace with a stainless steel elbow. Rather than through the eBay portal, I bought it direct from
www.exhaustelbows.com. (Ben, the proprietor and craftsman/maker of the elbows was a good resource during a couple of email exchanges. He dispatched the elbow on the same day I placed my order. On opposite coasts, I had it two days later.)
I have also attached a photo of my SS steel elbow installation. It's only been about 5 months now since I purchased. So too early to determine how it will do over the long term. But this replacement has a straight run down to the exhaust hose. No bulge to allow the "puddle" raw water to remain between engine uses. The price seemed right and worth the experiment ... even though I also had seen some posts that SS might not do well for exhaust elbow duty. Looks very pretty though!