Looks to be just a simple rotary steering unit. Due to the fact that I sometimes hear clicking noises at the helm when steering I definitely think its possible the rotary is bad. The cable here at the helm is held by a cotter pin, but I'm not sure about the transom connection. Also when I steer it takes so much force that you can see the fiberglass begin to get torqued (although none of the bolts for the steering column seem to be loose).
I'd like to remove the cable at the helm first just cause it seems easier, but without instructions I am worried I may not get it back in just right. Does it need to be clamped in a chosen position to calibrate port/starboard, or is there a hole in the cable maybe such that the length has no degree of freedom when I reinsert the cable? Here is a pic of the helm unit:

One thing about the penta manuals here is that I'm not sure Volvo Penta dictates what type of steering unit you have, so in the few that I have found online the instructions are vague to describe several types (hydraulic, rotary, rack)