I'm not familiar with yamahas, but must outboards have an impeller in the lower unit.
If it does have an impeller and its putting the water through the system fine, leave it as is. Even a damaged impeller will work, it will just be weaker. The things that kill impellers is letting sand and silt get into the system because it tears the rubber blades apart. On an '05 you should be fine for at least a couple more years, unless you do run it conditions when sand and junk can get into it.
If it ain't broke don't fix it

Or is it, if it ain't broke, fix it till it is
If you actually have a water pump, disregard what I just said