I had this problem on a 270 with the OsI drive. Turns out the mounting bracket for the outdrive was cracked on one side down by where the trim ram mounts. This caused interference between it and the transom mount plate. You can see a picture of it at
http://cruisingthegreatloop.com/gallery ... =49&page=2. By the time we found it the symptoms were much worse that what you describe but it started as what you are saying. Volvo replaced the rack on this one too before we found the crack. Hope this helps.
Looperman