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So the engine is mounted, and now I am just waiting for the binnacle control and a few gauges to arrive. With some luck, I'll have it in the water this weekend.

Regarding how many holes up, I shared what you all recommended, but he mounted it all of the way down anyway. He said that mounted this way, the cavitation plate is about one inch above e bottom of the hull. The engine was tilted, so I couldn't tell for sure, but it did look like it would be about where he said once the engine is down. Also, I noticed a gap between the top of the transom and where the engine would have touched had it been all of the way down. So who know... maybe Tohatsus have shorter lower units.

Either way, it's looking really good, and I can't wait to get it out in the water.