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Hello jaxmyth, there is one option if you really prefer not to re-drill the transom. You could consider a manual "jack-plate" with minimal set-back (4 inches or less if available). If this seems reasonable you would need to research for a model/type which may have your current bolt-hole configuration or re-drill the 2 lower holes into the jack-plate to match your transom.

This was just a thought. It offers ease of height adjustments and without having to fuss and re-seal mounting bolts through the transom if doing further height adjustments. I wish I would have done this when I had my outboard dismounted sometime back. I will definitely consider this method and with hydraulic steering the next time my motor comes off. I've seen some reasonable prices on ebay if this helps.

Happy boating...
Angel M.