The water pump to cylinder head hex bolts for the 1951 Mercury are 3/8-16 x 1 1/16
and 3/8-16 x 1 7/8. It's the same block as the 8BA so I would think the bolts are the same. Use a stainless bolt and stainless washer for the bolt that goes inside the water pump and do not over tighten. I don't know if you can buy bolts exactly that length, but you can always cut a longer bolt shorter as needed. The Merc Manual says to torque the factory steel bolts to 23-28 foot pounds. I tighten the stainless steel bolts just so they are very snug without forcing them. Use Anti_Seize Compound on all the bolts.