I agree, don't go high-tech if low cost will do...
Had the usual dripping and stinky
salt water in the
bilge as a result of the old type of packing.
(CSY 33, 1 1/8" shaft)
Installed the stuff that is called "Virtual Dripless Packing".
At first I had a hard time adjusting it right: Tight enough to stop the drips and it ran hot, loose enough to run cool, and uh, it would drip...
Got the brilliant idea of smearing some teflon paste on the packing rings, and sure as hell, now I could adjust it to run cool as ice, AND no drips whatsover....That was 2 years and 400 hours of running time ago....Have not touched the thing since, still cool and still no drips.
Total
price for the whole job was under $20.00 and I still have enough teflon paste left for a lifetime and spare packing.....
Best deal in town.....