As I answered you in the Iboat forum:
Looks like #16 on this schematic?
http://www.marineengine.com/parts/jo...er+Trim%2Ftilthttp://www.marineengine.
If so, I've replaced quite a lot of those in my time. One pointing outwards, one towards the transom.
One common factor in all cases was that the zink #26 in below schematic was above waterline and not submerged in water. Normally solved the problem by putting 2 sinks on #79 which is the lowest point. Be sure all ground cables are attached and clean!!
http://www.marineengine.com/parts/jo...+Stern+Bracket