The yacht has been launched and I sailed the 20nm home.
Here are some statistics in the photo:

The 63cm is from the painted antifoul line to the bottom of the OB motor, and 55cm is the real water line to the bottom of the OB motor. So the propeller is quite deep in the water.
36cm is the length and breadth of the OB Well, more or less. It is all the room I had in this yacht.
40cm is the present distance between the corner of the transom/hull to the shaft of the wind vane. It needs to be extended by another 10 or 12cm to enable the OB leg to click into the horizontal position, to eliminate drag, as per the next photo:

In my 20nm sail back to the mooring, I put the petrol tank above the motor well, and tied it down from moving. This stopped me from lifting the motor up (vertically) to eliminate drag. I think the better idea is to extend the wind vane another 10cm aft, so that the OB motor's leg can be locked into the horizontal position, and that will eliminate it's drag. And it means I will not have to lift the motor vertically. The drag on the leg (in the vertical but lowered vertical position) was too much, and it will be better to be able to pivot or lift the leg until it locks into a horizontal position clear of the water.
That will mean cutting the OB slot in the transom another 5cm higher, or so, and then moving the mainsheet traveller, probably. It will mean then that I will have to make new arms and legs for the windvane, to extend the WV the 10 or 12cm more aft. It is the better solution to eliminate drag, and still a good solution for the WV. All this can be done with the yacht in the water, and not at a slip yard.
The OB motor in the well was much easier to pull start, to stop, to change gear and throttle, than it was when it was out the back of the transom on an OB bracket. Also in the well, it will be much, much easier to clear the propeller of weed or to drain the float bowl or any other maintenance.
The WV extending and lifting the OB leg, will be done in the next few weeks. I hope you have learned something useful from my post, as much as I have learned from doing it.