The u-joint is in the bellow on the outside of the box, and if it blows apart you better find a beach before the boat sinks from a ripped open bellow. I recently broke a input shaft, and fortunately it didnt cause any extra damage. The inside of the box has alot of room, and as long as you keep clearances, and secure everything away from the driveshaft, your not going to have a problem. Keep in mind that the driveshaft spins a mere inch or two from the input water hose as well, which will have the same issues as the bellow if ruptured.
Fast cure 5200 works well and is alot more managable than regular 5200(doesnt run nearly as much), and it gives you around 1 to 2 hrs before it sets.
LE