Welcome to the Ericson owners site!
The Navtec SS connecting rod pieces should outlive you and the boat. The SS U bolts that pass thru the deck need to be carefully inspected, however. here are several threads on this site about that. Some U-Bolts have developed small cracks on the inside radius of the bend -- Garhauer has provided replacement ones for others here, at reasonable pricing.
The settee back in the pix is almost identical to the scheme that EY used on our '88 boat. I removed those teak veneer panels (port and starboard) right after we bought our boat and checked the lower attachment point. No problems or signs of deck leaks/corrosion. Those rods are threaded at the bottom and thread into aluminum round bars embedded in a heavy-duty part of the internal grid.
A few years ago I did remove our deck fittings, cut back the coring, epoxy fill, and redrill for the fittings. EY did a great job bedding the fittings on our boat with "5200", but at three decades it was time to replace all sealant and epoxy-pot all holes in the deck.
Do not.... ever allow leaks around those big SS U bolts. Salt water (or any other kind of water) will cause corrosion under the deck where the "tie rod" has its Head held in a cup machined into a piece of aluminum bar. Any water that leaks thru will really corrode where the SS goes thru that bar.
Some pix of ours here:
https://ericsonyachts.org/ie/ubs/gear-removal-progress.786/
Our particular model did not use the U Bolts, but accomplished the same thing with headed bolts. If you search the site for chainplate U bolts and similar words there are other threads.
Post back with any questions and include any photos when an if you have some available.