Don't know much about the suzuki's but all the engines I know of will have water pumped through the engine and lower unit. The water coming from the hub is normal and coming through the through hub exhaust. There should be holes in various place on the lower unit where water will exit from. The main thing is that your lower unit oil is clean (no water)...would be milky...and that water is coming from pee hole. The bubbles are from the exhaust...exiting through the prop.
"But if serving the Lord seems undesirable to you, then choose for yourselves this day whom you will serve, whether the gods your ancestors served beyond the Euphrates, or the gods of the Amorites, in whose land you are living. But as for me and my household, we will serve the Lord.” Joshua 25:15