The location is good. You can either drill into the transom and use 3M 4200 on the screws or do as Roger says. They do sell a pad called a transom saver that comes with adhesive to attach it.
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1997 Silverton 362, 7.4 Crusaders
1997 2400 SCR, 5.7 Vortec / Bravo 2
Mike
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