Thanks for your reply. One of the problems is that this is a Pearson 25 and they did not make very many so there are not a lot of parts kicking around.
As is the case for all of our 40+ year old Pearsons!
In your opinion, would we have to replace the entire rudder and shaft or is it possible to replace the shaft only? We have bushings on order but that is only part of the issue.
Depending on where your skills lie, both paths are possible. The rudders are
usually built around a web of metal welded to the rudder post. Replacing the post would require cutting into the rudder far enough to have a good place to make the splice. TIG welding (for stainless steel) and fiberglassing skills would be required (or have to be paid for).
Would a metal shop be able to make a shaft or would we be able to purchase the same size (doubtful) from a marine dealer?
Can we just purchase a shaft and put it back into the old rudder?
Certainly doable, but any parts will have to be custom fabricated. There are any number of metals suppliers that can fabricate shafts to your specification.
One repair possibility is to fit a solid shaft inside of the hollow one to increase strength at the splice. I have a friend who did something like this on his Islander 37. But you have to be able to position the splice to avoid the bushings.
Or just split the rudder open, dig out and replace the old post, and redo the foam and fiberglass.
A last possibility is to troll boatyards, particularly ones in hurricane prone areas, to find a storm damaged boat of your model that you can get the whole rudder from.