Wonder if yer Gramps had easy access to Stainless back then he would have rejected it Phil? One major difference nowadays is the amounts of shaft exposed to H2O. Back in the fifties and no doubt earlier, ALL prop shafts had full length tubes wrapped round them, didn't need a locknut on the prop and had a propper drive coupling that allowed for shaft endfloat of both the drive source AND the driven. How we have 'Progressed'
Regards Ian.
And Yes, they were ALL Carbon Steel.