Todd,
I haven't taken a video of it but even if it was squirtin a little bit I would not be worried about it. In my opinion the pressure behind the impeller is so great that those little pin holes would not matter.
Later BK
See Todd FG has a Big Bad Ford also, He does not have to worry about his ignition getting wet. It sounds like someone is squirting a little thunder on the back of your boat !!!