Pretty sure it will be standard shaft on an 03 model. Zodiac put some of their range on steroids in later years, especially the Futura with oversized tubes and they were long shaft engines.
I’m guessing, but material will be PVC, or Strongan Duotex, basically their own fabric. Sounds familiar if fabric is detaching from transom. Easily repairable, with preparation, right ambient temperatures and the correct glue and anti-grease cleaning solvents. You can also add extra strips of PVC if any of the existing material feels susceptible or thinned out of its been repaired before.
When repairing get the boat to operating pressure, also all the old glue needs to be removed. It’s laborious, but a drill and sanding flap should make light work of that.
Good guides here. If you struggle to buy glue state-side there will be a Bostik 2-part equivalent.
https://www.polymarine.com/
Check the keel tube. I will put money on it leaking at the transom end when the material is folded over and therm-bonded.