Have a ’69 25hp johnson which, after completing all repairs, was finishing the job with an impeller change, and of course—the driveshaft was stuck in the powerhead so had to pull the powerhead.
During this process I noticed this screw on the lower side of the powerhead. Is this some sort of water or oil relief orifice that is plugged from prior years?

I will say that I was able to get the driveshaft loose after 30 whacks with a 8lb sledge, and the gearcase ended up being toast (too many stuck screws/broken housing). But the silver lining is this motor had the uncommon 3-lug gearset upgrade from some previous owner. That one is staying my personal collection for a 20hp ’67 model I use personally!