tarquin1 said..
Its a wooden boat so there was always some water in the bilge anyhow.
What you mean to say is this... "It's a boat that hasn't been built or maintained properly so there was always some water in the bilge anyhow". Wood, fibreglass, steel, carbon fibre, etc is of no relevance.
My timber yacht is dry. I also installed a Volvo Penta "rubber stuffing box" and not yet had a problem.