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Jax,
Which holes did you drill in this drawing below?
http://www.whalercentral.com/articles...icle_id=82

For the Montauk 17' hulls (and other 17' models) about 1986 a later, you should be able to drill the "Red" holes as Boston Whaler changed the depth of the splashwell for this reason.
As Always, layout the holes first on both the inside and outside of the transom to make sure the washers do not interfere with the radius at the bottom of the splashwell.