Wow! 1997 is (?) the last year that PSC built Ericson's. I thought that the steering assembly would be from Edson. I am not familiar with your brand. Could you post up some photos?
How much has the wheel 'center' position changed? If it's less than an inch it's possible, perhaps, that the cables stretched. Or, that at least one cable end started to pull some new slack thru the bulldog clamps where the ends are attached to the quadrant.
A few months ago I had our original '88 steering cables replaced due to age and also finding a meat hook in one of them. Roller chain was in excellent condition and was retained. This is YS steering pedestal, but the parts all do the same things in these competing steering systems. Best of luck, and keep us informed.
Note that when you remove the compass, light wire, and some odd screws and bolts, take lots of pix and tag and bag
all parts thoroughly.
Note B: while you have the cables out, be sure to check the metal sheaves under the pedestal for wear in their center bushings. They should not wobble out of vertical at all.
Note C: if there was enough slack in the cable to let a link slip, do keep the cables more snug in the future.
Note D: You are not alone-- 99.5% of us owners tend to ignore the steering system far longer than we should. I did too....