The 2.5L is different than 3L you don't need any dowel pins for alignment because the water pump housing fits over studs held on with nuts not bolts. Also, there is no seating tool required because there is no seal that sits on top of the pump housing like on the 3L. Click this link and look at pic #5 to see -
http://www.bassboatcentral.com/images/WP5.jpg
I always pull both lower cowls when I service my 150 Optimax as it's a prime opportunity to remove, check, and clean (if necessary) the strainer for the compressor inlet. Spark plug access is unrestricted and I always thread plugs in by hand before torquing to 20 ft lbs.
Here's a light bulb moment tip, leave shifter in neutral before dropping lower unit, making sure you DO NOT rotate driveshaft or engine. Now, after you have lower unit off, make an index mark on the driveshaft and housing
before removing pump housing. After that, you can rotate driveshaft all you want and return it to the exact position when you removed it from engine. Slips right back in without having to rotate engine while trying to stab the lower unit. Be sure to lube new pump and housing with dish washing soap - not grease or oil.
Lots more info in the 2.5L forum (what your engine is), especially the FAQ at top of that forum (even more info in the 3L FAQ).
Recommended Annual Maintenance or Winterization for Optimax Engines
Compressor STRAINER Cleaning
Oil, Battery, Spark Plugs, Fuel and Fuel Additive Recommendations
For parts, visit European Marine's website check out link below
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