Re: Pulling out transom on an aluminum boat
I had a Starcraft aluminum that had the same problem. Wood was so rotted it was falling out and wouldn't hold the outboard in place anymore, Mine had the end caps pictured below, which were easy to remove and exposed the wood for removal.
Since yours has that metal overlapping, if it was me doing that job I would simply cut a line through with a hacksaw and bend that piece up. You might wind up doing both sides (at least it will match). When you're finished just bend it back into place. If you care about the aesthetics, just put a small piece of aluminum under the splice and pop rivet it in place.
I went to Home Depot originally in search of wood to put back in the transom and I found they have this planks in various sizes that are about 20 feet long and made of some type of a white plastic material. Forgot what they call it but it's stronger than wood and you can screw into it just like wood. Home Depot even cut the plank into 4 pieces for me. Luckily, when I put two pieces side to side I had the correct width I needed. I had my neighbor next door who has a band saw in his garage, cut the top of each board to match the dip on the cap which a traced out with a pencil. I drilled some starter holes and used stainless steel screws from West marine to screw and bolt all back together.
Came out so nice (I should have taken closer pics) I really hated to sell it. That transom came out like a work of art! Sold boat on Craigslist to the first person that came over to look at it for more than I paid for it including the repair materials.
Total cost to repair the transom about $35.
Side note: check out the second pic which shows the difference in Freeboard (water line to top of gunnel) from my Starcraft to the new Sylvan I bought next. Kept the Sylvan for two months and bought a new Lund this year with an even higher freeboard now. Through experience I learned I prefer the water in the lake, not in the boat

The higher the freeboard, the better.