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Pearson P26 Rudder Shaft issues
I have a '72 Pearson P26 that i recently received from a friend of mine. It has been in the water for the last two decades and when we pulled it and brought it home to "work" on it, we noticed a few things. First it has a large amount of blisters that i will have to deal with and the entire hull is showing a very high moisture level, so it looks like skinning the entire boat below the waterline to start the drying process.
The issue currently is the rudder shaft had a lot of play in it when it was in the boat. When i pulled the rudder, the shaft has about 1/16th of a inch ware all around the base and the top where the bearings were. The shaft is aluminum and not sure the best way to repair the damage, without spending the $1800 to replace it. Looking for any good advise.