I attached a page from the Owners Manual for a Chris Craft Commander; the 10hp model. They make mention of “grease” as opposed to “oil” but they make no additional recommendations.
I think you would be fine using something like Lubriplate 105 or John Deere Corn head grease. I have had excellent results with either of those two in direct drive (non-shift) gearcases. The Corn Head grease might be cheaper so I’d probably go with that.
It can be injected with a squeeze tube or a grease gun. Pump it into the lower opening until it oozes out the top. It might push some old grease out first. That’s good.
PS: Do you have spark? I would check spark and compression. A good way to evaluate the general health of a motor before spending a lot of money.