Well, it will sound like a car without a muffler on the outside of the boat because literally there is no muffler. You should not hear any exhaust sound on the inside and should not see any water leaking into the bilge while running the engine on the muffs. In order to replace the gasket at the bottom of the transom assembly where the exhaust goes outside of the boat, you would indeed have to remove the engine. The exhaust on your boat should never get anywhere close to the kind of temperatures that one would see in an automobile due to the fact the exhaust system is surrounded by water jacket. The problem with using questionable sealing techniques on the riser gasket is that water might be leaking into your exhaust ports without you even knowing. Hang in there, you’ll get there eventually.