Re: Volvo 131A 275 Outdrive Oil Question
Before you even go that far, do you have the correct seals on the drain and fill plug AND the dipstick? The reason I ask is when I bought my boat last year the dip S*%T previous owner had the wrong seal on the dip stick and who knows when the last time he changed the O rings on the drain and fill plugs.
We were test driving the boat, I go to look over the back while under way and I see green oil coming out from around the dip stick. He says "oh, must not have tightened the dip stick all the way". The guy had a green square shoulder seal like what you would find in an OMC lower unit, when he should have had an actual O ring. Consequently I had a bunch of water in the oil. Installed correct O rings and no more water in the oil.
That said, I would probably get your bellows changed out as well.