Hi Mark,
I sail in salt water all the time at Fleetwood, and only once have I ever had problems with a rusted and seized prop shaft, and that was in my old Rau 1X whailer.
I learned from experience and now always pack them with a mixture of vaseline and graphite greese and have never had a re occurance of the seizure problem.And they have all just been standard prop shafts..outer brass tube and brass barings and silver steel ( not even stainless) shafts.
How ever that doesn’t solve your problem!
What is the boat made from that the shaft is inserted into and do you know what adhesive it was fixed in with.
I have taken shafts out of friends boats quite easily, if they have been glued in with epoxies, by going from the inside of the boat and getting a set of the gripper mole grips that clamp tight, and moving slowly left to right. This usually frees the tube from the glue and eventually you can jiggle the tube free.
If it has been set into a grp resin mix, you would best be taking out a lot of the resin by using a power file( black and deckker type) and then when you are close to the tube, putting into the area some Acetone, which melts the grp, BUT ONLY IF THE BOAT IS MADE FROM WOOD!, as the acetone will melt plastic and fibre glass hulls.
It is a purely messy job, if set in resin, but if just epoxied in, it should come free reasonably easy.
If you want a shaft…..they are advertised daily on ebay in the toys section under r/c boats and hovercrafts, by the dozen, and delivery is quick.
neil.