4 hours ago, bbrett said:

I had the same issue with my boat, after talking with FAE you have to raise your swim step and re-align your exhaust so it doesn't interfere with the wedge. I had an old FAE with an older style bracket that bolts the the swim step, my new one attaches to the wedge bracket. 

I'm not quite sure I follow how the swim platform is part of the equation (if needed your issues was the same as mine).

I forgot to take a picture but I found this photo of a very similar setup (linked here if not displayed in post).

Basically, when the wedge is lowered, it can have a tendency to catch/rub on the pointed end of the exhaust (in red circle). To get to to slide past that, I also have to push inward on the exhaust pretty hard which will BARELY allow the wedge to slide underneath (which is a total pain). Honestly, I probably just need a centimeter more of clearance to avoid this issue. Again, my instinct is to just cut/trim the edge of the exhaust circled in red but I'm not sure if that creates another issue and I imagine it would be pretty sharp so I would need to smooth it to avoid a foot/hand getting cut when in the water.

Divots in the flange are from an end mill when they machined it.  You can ignore them.

I agree that the one brush looks shorter than the others.  A good hardware store should have new ones that you can match up.

The motor should not have fluid in it as far as I would guess.  See if you can replace the seal on the pump.

10 hours ago, Manzacoty said:

Sorry. I didn’t take a photo when I had it removed. 

And you call yourself a TMC member....

floating and relaxing. 

47 minutes ago, CarveItUp228 said:

OK, I took it apart. There are 4 screws and two bolts to get the two halves of the motor side apart. At that point, the hydraulic fluid starts leaking out. After cleaning up the mess, I was able to pull the rotor out of the slot it was in (with the magnets). I took some pictures

So not sure what to make of those curious divots. Nothing else jumps out at me yet as to why it would not be working.

So my boat maintenance sleuths, what do you make of it?

To me, it looks like one of those brushes (the carbon with the copper braided wire attached to it) is not making good contact on the rotor in this first pic. 
The divots look like balancing cuts to me (prevents motor vibration).