May or may not be the same since my previous FW was very different but I had this issue repaired under warranty. I don't remember what they called the part but it was a rubber bushing of some sort on the drive that cracked and was binding up. When out of the water it was very loud. It was a dealer service item in my case not just because of warranty but also the nature of removing the whole drive.
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Former owner of:
1996 Four Winns Horizon 200 5.8L VP
2006 Four Winns Horizon 260 8.1L VP
2007 Sea Ray 290 Sundancer
Current boat
2004 Sea Ray 290 Sun Sport Twin 350 Mags
