Micheal, didn't you tell me that your prop shaft was rubbing on the shaft log at the top? This means your log is mounted too far forward or its the wrong one. I would be addressing that area when you put it back together, before you drill any holes in your new floors. Bet if you moved it back a bit to stop the rubbing you'd have room for a split collar.
its not the log or the wrong log i had about 4" when i bought the boat. added a real coupler that took a 1.5" more added a whirl away and that was another 2.250" which doesn't leave much left ...
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