Thank you everyone for the additional comments.
Bill, what I meant to say (and was not very clear
) was that the motor installations book said with a starboard helm, it is recommended to use a CW prop rotation. This is to counteract the torque from the prop but like kens said, this might not really matter with a Monaco.
kens, your comments make me feel more comfortable about the prop rotation in relation to the helm location.
Matt, thank you for your thoughts but I guess I am not daring enough to build my own engine
Roberta, thank you for your comments about your setup and the height related issues. I am building a utility and will have a motor box. I would really like to to keep the motor as low as possible. I was wondering if tipping the motor (with an inline trans) would require it to be raised a little due to the oil pan. I know that was not exactly what you dealt with but it is similar.
After all of this discussion I think I have decided to switch to a 1 1/8 prop shaft so if I end up going with a non-1:1 trans, I will feel more comfortable with a little more robust shaft. Now I need to figure out which motor and trans to go with. Thank you all again. It is good to get more expert opinions than my "barely know enough to be dangerous" opinion