G'Day Graeme,
I went down this track on Mando which I assume would be the same or a least very similar to a C28!
On Mando, there was a copper sleeve (tube) that had been glued/fiberglassed into the hull. This, of course, housed the cutless bearing for the drive shaft. In my case it had been badly eaten out through corrosion/electrolysis??
I was able to draw out that tube ( difficult) and insert a new copper tube of the correct diameter. I believe copper tubing is all imperial measurements so the imperial to metric change-over shouldn't be a issue. (I could be wrong on this!)
Once I had installed the tube (in my case I Stikaflexed in it) and installed a new cutless bearing, I then went down the track of aligning the drive shaft to the tube. If the motor has been running with negligible vibration then you may not need to do anything at all!
I am assuming you have the original set-up (that I had) of a truck radiator hose clamping on the fibreglass "nose" at the stern end and the other end of the hose containing the packing gland and clamping nut.
The clamping of the hose to the fibreglass is (in my opinion) a real weakness as you are trying to clamp a round tube onto a tapered moulding! The best you can do here is push it on a far as you can then put 2 hose clamps around it!
If the drive shaft coupling needs aligning to the motor coupling this is how I went about it. (hope I'm not boring you to death!!)
The problem/challenge is that the drive shaft (in the radiator hose configuration) has no fixed position. This is because you have a flexible rubber bearing at one end (cutless) and a radiator rubber hose at the other end ie the shaft can move around quite a bit. What I did (and it's all feel) was to move the shaft up then down, then side to side and try and determine the most central position. I then (not easy) braced the shaft in that position with timber packers so that were it sat was as close to central as I could get it. (This is NOT a 5 minute job)
I then went through the process of aligning the motor coupling to the shaft coupling so that there was no more than
4 thousand of an inch (0.1mm) difference all around.
The end result was that I could run my motor to 3300rpm with very little vibration.
This work is definitely a 2 man/woman job for 2 reasons: 1. To pass the tools whilst you are screwed up in the back of the boat and 2: To constantly tell you that the pain won't last forever and it will be worth it in the end!
Hope all this helps and good luck,
Cheers,
Maurice.