I know this is an old thread but I just redid the downhaul on my 1982 DSII CB this last weekend and one of the things I noticed on this forum is that there seems to be less information about the models that have the wedges rather than the through-bolt for the pivot. There is enough that I basically understood what I was getting into, but since I had the CB dropped and was doing it I thought I'd snap some pictures for posterity in case it helps anyone in the future. Rather than starting yet
another post on this topic, this seems as good as place as any to link them for future searchers.
Basically, as has been described elsewhere, the downhaul feeds through a small hole in the edge of the board into a recess in the bottom forward corner, leveraged to bring that corner up forward of the pivot when hauled, thus lowering the aft (working) part of the board. The downhaul is fixed with a stopper knot set in some hardened but soft gray putty or epoxy - reminded me of Bondo. One thing I did notice is that it's only visible from the port side, at least on mine. From starboard there was only a small access hole (great for poking out the plug and knot from the other side, however).


Once removed, there are some chunky little fiberglass cheese wedges that pin the pivot up into the trunk without any throughhull fittings except for the SS screws.

My plates do not have the smaller screw holes, but the wedges were adhered in place with caulk. Both the putty and the caulk came out with some gentle digging and coaxing with a flathead screwdriver. I didn't understand bedding the wedges, since water is fine up there, until I reinstalled the whole contraption and realized there is too much play. So while the wedges don't have room to fall out they do wobble all over, so I need to drop them back out and stick them in with something. Life Calk or 4200 would probably be good so you can get them out again in the future...
I used 5/16" Sta-Set for the downhaul, per Rudy's recommendation, and it fits perfectly. I could not make a true figure eight stopper fit in that recess without sticking out (and potentially jamming between board and trunk) so I just did a simple overhand and fixed it with epoxy. I actually didn't re-bed it, however. It seems like there's no real reason too, as you can't push it out - the line will just flex and the friction of the exit hole keeps it in place - and there's no room for it to fall out. Conrad's book recommends epoxy but I only have MAS epoxy resin which would be way too permanent to ever remove this again... I plan to flip the boat to deal with the horrible bottom paint this winter (ugh...), at which point I'll be completely removing the whole board anyway. So I figure I can see how this works for the rest of this season and then deal with anything then. If I have problems I'll report back here.