Actually, to install straight pipes, your going to have to pull the engine to get at the y-pipe. A "captain's call" can be installed w/o pulling, but also costs more. "Captain's call" may also be illegal. It is in PA. A way around that is the automatic version - for example, Corsa calls it "Quick & Quiet II".
By the way, if you happen to get a tear in the
exhaust bellows, it really doesn't matter. Water is not going to back-up in and over the risers. Now, the bellows for the drive shaft or shift cables... that's another story: glug, glug, glug... :ugh:
There's really no way to eliminate having to periodically replace the bellows.
Installing the pipes is not as easy as it might sound - especially on boats that weren't designed for it. Not a whole lot of space in there.
If you have any plans on selling your Ray, just replace the various bellows and be done with it. Besides, it'll give you a chance to check your shaft alignment at the same time. Adding through-hull exhaust won't make your boat resell at a higher price - not on this type of boat. You'll end up losing money.
Not trying to discourage anyone (personally I love having a switch), just don't want to see you get hopes up and then find out it's not realistic.
But hey, you got a nice boat there! 1987 - even way back then, the Sea Ray's look better than a lot of other manufacturer's new stuff! Is this your boat?:
http://www.searay.com/Archives_Manuals/Sea_Ray_Archives/1987/26 feet and below/23Sorrento.pdf