We have a 1966 Starcraft Holiday V with the original MerCruiser 110hp 4-cyl motor and I/O outdrive. When we start the motor with the muffs on and the outdrive fully down it sounds normal, and pumps water fine, but if we bring the outdrive tilt up while it's running, about 1/3 of the way up it starts making a horrible "clacking" noise like gears are grinding. Outdrive is in neutral. Noise is definitely coming from the outdrive, not the engine. Any comments on what it could be and what to look for?