Seals going bad in the T&T cylinders. Had the same problem with a merc 115. Mechanic said he can either go in and tear it apart, fixing the problem spots or put a new unit on. He said it could be up to 20 hours in labor to tear it all down and fix the seals and whatever else is warn out then replace it all and re-mount it, check to see if it is working and go at it again if not. 20 hours at $50 an hr shop charge = $1000. Then he said he can replace the whole thing with a brand new unit and it would be $975 with labor. I opted for a new unit.