Sorry guys was thinking older models on the shift shaft......I think the handy coupling that your motors use was started in 1965.
You take out the 4 bolts on the upper part of the 4 inch housing extension, opening it just enough to get your socket inside......taking out the upper or lower coupling bolt......whichever lines up the best with your opening.....take it all the way out while making sure the threads are not binding (you may have to move it up or down slightly to keep the little fine thread bolt from binding on the cut out in the shift rod. Once the bolt is out, you can separate the lower unit. Then take the other 4 bolts out to remove the extension housing in order to access the water pump. To reassemble, make sure to use anti seize or grease on the shaft splines on top that enter the crankshaft. You have to put the longer water tube over to your old short shaft too. Put impeller into your water pump housing turning clockwise looking from above (counter clockwise looking from below) use a little silicone spray as a pre lube for impeller. I always anti seize compound all fasteners. Why? Once removed, the thin zinc coating is disturbed on the bolts, then they are more likely to oxidize and stick in place, making trouble for future repairs and maintenance. The little coupling bolts are stainless, but I anti seize them too. Make sure the cut out in the shift rod is perfectly aligned before you start the coupling bolt.