Real quick & easy clarification question for me please, RE: Exhaust Location

[gowestwardho]

I have a '98/'99 Volvo Penta 5.7 EFI GSi, SX-M I/O
I haven't run it in 7 months and am preparing it to go to Lake Powell.
I ran it on the water bellows for 45 minutes yesterday after checking the impeller first and everything ran fine and temp stayed perfect.
I just want to make sure of something - besides some exhaust (and water) coming out thru-the-prop-hub, is there supposed to be water and exhaust coming out from under the lower unit its lowest point nearest the transom?
It looks kinda like it could be the exhaust manifold I found in some pictures. It's a greenish, unpainted piece with one or two slots in it. And since I doubt all the exhaust comes out through the hub, I figured this is the correct operation, but....
I just want to confirm it's not some sort of leak.

 

[insttech1]

Re: Real quick & easy clarification question for me please, RE: Exhaust Location

water should come out from the base of the transom housing, and from four small holes (two on each side of the drive) where the upper/lower unit meet, which can basically only be seen if you lay on the ground.

 

[skydiveD30571]

Re: Real quick & easy clarification question for me please, RE: Exhaust Location

And also from a few small slits in the exhaust bellows. These openings are designed to let the exhaust system self-drain when the boat is out of the water.