Hi R21, Here's a link with a bit of discussion on engine mounts.
Not a mechanic myself but I would not agree with waiting for mounts to "fail" before replacing them. With that being said I have no recommendation on when they should be replaced. Rubber mounts fatigue over time and usage, so unless measurements are recorded for day one and monitored over time it would be difficult to say how much they have "sagged". Hardness of the rubber also changes over time which can affect how the engine reacts. I believe it is for this reason the engine manufactures recommend they be replaced at a given interval. Will the engine still run with worn mounts?? Yes. Will it be optimum? Depends on how badly they are worn. Will engine vibration change or increase with age of mounts? Yes IMO.
I have the Volvo-Penta so my mounts are a different design than yours but just had to replaced mine as the rubber was starting to crack and "sag". Over $900.00 Can. so not a cheap exercise.
I would think that a good check to determine if your mounts have changed much in height would be to check coupling alignment. When i checked mine with the old mounts still in place, there was a .040" difference between top and bottom. I think side to side was only .005" difference. Recommended difference for my coupling is .003" or less. Going forward I will check the alignment at every 300-400hr interval, which is about every year for me.
http://www.oceannavigator.com/November- ... ne-mounts/