Hi Alan. I haven't purchased any components yet, but here's what's 
  expected.
  The electric actuator is mostly extruded aluminum, stainless rod, 
  gears, bushings, and a little motor geared way down for torque. Not much 
  empty space left over.
  With a 1/4 inch FRP housing hard up against the aluminum, It's 
  plenty strong enough to resist the compression of so little airspace.
  The bellows at 1/4 inch thick will flex in and out even after it's 
  collapsed by external pressure. Rubbing on the polished stainless shaft 
  shouldn't be bad, and maybe filling the space with some grease would be 
  even better, as long as it allowed the bellows to collapse completely when 
  retracted.
  I've been working on the pros and cons of various systems for months now, 
  with the motor mounts and linkages done except for plating.
  The aspect I like the best is replacement. I can build a complete 
  component ready to install with two pins, and two wires, plus hose clamps and 
  sealer, for about $140.
  And it's tough. Should be able to take quite a beating. The wires are 
  small enough so I can use the same thru-hull as the thruster power, so only 
  one electrical thruhull on each side to control motor and dive plane. 
  Only 4 wires each. Simplicity at it's best.
  Inside, my portable control box will have steering and dive plane angle 
  controlled by 12 volt toggle switches
  while the four motors are set with dials. This all fits on a 6" 
  X  6" panel, with a multi wire cable so I can take it up on deck when I'm 
  motoring next to the dock. 
  Looks good on paper !!!  I'll let you know how it turns 
  out.