I just bought a '94 27 Fever with a single 502. The trim indicator isn't working and I would like to do some simple diagnostics (if thats possible) to see if it is a simple fix before taking it to a dealer to fix. Everything seems to be in order under the dash so I took the guts out of the cylinder attached to the outdrive. I couldn't see anything out of order there so can I assume it is a broken cable? I did notice some small holes in the black cups at each end of the "actuator" and I thinking these are drain holes. Are they drain holes? Or are they for pins to hold the mechanism stationary? Thanks in advance for your help.

Yes you have a broken cable the small holes are to hold the black plastic in when disassembled. when you remove the cable the length is stamped in the side of the housing

Thanks blownincome...thats what I was thinking, but was hoping for something simpler. So...it'll probably be obvious once I tear into it, but I guess I'll use something like carter pins in the black plastic thing in place before taking the cable of that end when I replace the cable...right?
I apprieciate your help!

OK...I got the new cable ran and hooked-up...wasn't as hard as I thought it was going to be thanks to my duck tape. But when the trim is all in the indicator is still about a half inch from the top. Any ideas on how to adjust the cable so my indicator will be all the way up when the unit is all the way in?

the part that is on the drive that has the two hose clamps on it loosen the clamps and slide it to adjust the indicator it possibly moved if the old cable was jammed