Sheesh John - that's not pretty, is it? Not sure if I've ever seen a SS strut before. Is it possible that it was welded with the wrong rod and that's part of the problem?
Are you hoping to try to fix this without pulling the shaft? Obviously the cutlass will have to come out first...
1984 Fast/Nicholson 345 "FastForward"
".. there is much you could do at sea with common sense.. and very little you could do without it.."
Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)