I have had the Gore packing for 10+ years and our bilges have been essentially dry since that installation. There is a very slight seep when the boat is operating at higher speeds but the amount of water that actually comes in is so small that it normally evaporates overnight. On a 12 hour run down the coast there wasn't more than maybe a couple of ounces of water just below the fitting. It works great and I really like the stuff.
BUT...
From ABYC :
"6.7.4 Graphite impregnated packing material shall not be used because of the possibility of galvanic incompatibility with the shaft material."
From Wikipedia: "The use of graphite is limited by its tendency to facilitate pitting corrosion in some stainless steel,[18][19] and to promote galvanic corrosion between dissimilar metals (due to its electrical conductivity)."
I unpacked the stuffing boxes a couple of years ago to "adjust" their position on the hose and, in moving them forward temporarily, the "packing area" of the shaft was visible and had no sign of corrosion.
BUT, it may be worth thinking about...Graphite is one of the most noble materials (I only copied the list down to SS):
"Galvanic series (most noble at top)[edit]
The following is the galvanic series for stagnant (that is, low oxygen content) seawater. The order may change in different environments.
Graphite
Palladium
Platinum
Gold
Silver
Titanium
Stainless steel 316 (passive)
Stainless Steel 304 (passive)"
I didn't know any of the above when I bought installed it in '06. And based on the above 3 references, I would NOT have used Gore (or other graphite-based packing) But based on my actual USE of it on our boat, I think it's great. As they say, YMMV!
