shortening a drive shaft?

I've been having a bit of vibration when running at low speeds, and I finally checked my drive shaft on my SN2001 and found that it's very slightly bent.

So I need a new shaft. unfortunately they cost over $300 at skidim, which is a lot more than I can afford at the moment.

I found someone that is selling a 1" x 62" shaft from his V drive that is in perfect shape for $40. The only problem is that it's too long. My current shaft says 54".

My question is, can I just cut the longer shaft down to size and have a keyway machined into it? Or will that not work or be more trouble than it's worth?

I just had a key way cut in a shaft and new dimples drilled cost $47.00 with tax at a local machine shop. Another shop that does heavy industrial work wanted $175.00 1 hour minimum of there shop rate.I passed on them. That should give you an Idea of cost add a little for cutting the shaft down but shouldn't cost that much more. Baumans propeller also quoted about $40-50 bucks as well.

i dont really think a 62" came out of a ski boat, not that it matters

Thanks very much for the replies. Sorry for the delay in my acknowledgment, I had to attend to a family emergency and wasn't able to get back to the site.

Now all is well again and I'm going to hopefully have time to work on the boat.

Joe, I'd be very interested in the shaft from your 2001. I tried to call a couple times but didn't get through. I sent you an email and I'll try to call again this weekend.

Have a great labor day on the lake!