Hi PSC, welcome aboard.
That is a really ingenious way to handle that situation. It seems like replacing cutlass bearings is either "no problem" or a "total PIA" depending on the circumstances. I've done it twice (lobster boats) and had one of each experience.
30 minutes once, 3 days the other.
I got an Old Fat Boat
She's Slow But Handsome
Hard In The Chine, but Soft In The Transom
I Love Her Well, And She Must Love Me
But I think It's Only For My Money
. ..... Gordon Bok