Re: Tilt and trim problems (tilt lowers, trim does not)
1987 85HP ... should be a 3wire motor with 3ram hydraulics (trim, tilt, shock).
Your bleed down is caused by pump (aka valve body) failure. The pump and motor usually fail within a year or two of each other in the 17-23 year timeframe. The hydraulic rams usually outlast the motor-pump by 5-10 years.
It is normal for trim to work fine even after tilt begins to bleed down. In some cases tilt will bleed down before you can trailer the boat while trim still holds the engine under power. This is a valve body failure. You can get it rebuilt for $150ish and if you are in a hurry you may be able to find new ones here on i-boats for under $300. You are looking for part number F17564