I used the original thu-hull hole (under galley floor) but had to make it bigger to accommodate the new Airmar P319 nylon transducer. Mounted it flush to the outside of the hull and made a little internal fairing block out of starboard.
Don't use wood with a plastic transducer as it will absorb water, expand and possible crack the transducer.
If you have to make the hole bigger, shove a piece of wood into the hole to drill into first with your hole saw or have someone hold a block of wood over the hole while you drill.
I used 4200 or 5200 to seal everything.
With the Echo series you will need an adapter cable to mate with the P319 transducer as the pin config is different. Female 4 pin to Male 6 pin, Part Number: 010-11615-00.
I hope one of these days Garmin or Airmar will release a transducer that is thu-hull that will not need this adapter cable.
-Karl
1986, 32' Sedan, twin 360ci, 275hp Chrysler's w/ K&N flame arrestors