Re: 1961 Merc 400 - Changing impeller
What you're looking for is on Page 4 of this list of old Merc special tools:
http://www.pfs-ware.com/WhitePapers/pdf/MercTools.pdf
"C-91-22119 - GEAR CASE & WATER PUMP COVER TOOL
Removes and installs gear housing cover, all
models except Merc 650 and late Merc 500 models
A-17-25104 Replacement Pin"
These tools typically have (2) or (4) pins in the face to engage the cover holes, and are set up to handle one cover on one side of the tool, flip it over to do the other cover.
Hard to find as you've discovered. Armed with the part number, you might have a better chance of rounding one up.
You might also have luck with an adjustable face pin spanner wrench such as this:
http://www.google.com/products/cata...ct=result&resnum=1&ved=0CA4Q8wIwAA#ps-sellers
A google search will produce many results and I expect you'll find quite a few on eBay as well.
You do have to be careful when using this type of wrench because it's easy to slip out of the holes and mess them up.
If the motor's been fresh-water run all its life, the cover will probably spin out without too much drama. Salty Dogs will have their covers 'welded' in to the point where you may not be able to get them out, no matter how much heat applied or penetrating fluid. In that case, you may have to sacrifice the cover to get things apart. You can drill it to weaken then crack with a small chisel.
These guys have replacement parts:
http://www.eastcoastmarineservice.com/lowerunit.html
HTH & G'luck with the impeller replace..........ed