Well, since others are going to 'destroy' their boats cause of me -- better give a few more details on how I did it...
1) Research well exactly where you want the transducer. My CD-25 was easy, I placed it under the step just inside the cabin as you enter, right next to the water pump (had to relocate it slightly). Mine is about 3" from the keel to avoid turbulence. This step is about 1/3 from the transom towards the bow.
2) Drill a small 1/8" pilot hole from the inside out all the way through.
3) Drill your transducer diameter hole (mine was about 1 7/8") from the OUTSIDE towards inside, keeping the drill as perpendicular to the outside hull as possible because you want the transducer to sit perfectly flush.
4) Bend a 16 penny or larger nail 3/8 - 1/2" from end, chuck it in a drill and ream out the balsa core around the hole (easier from inside, keeps it out of your eyes!).
5) Before applying the 'pasty' epoxy mix, use some of the epoxy before mixing with microballoons to thoroughly wet the inside surface of the balsa core area, you want a good seal interface to the pasty epoxy mix.
6) Build up the epoxy slightly larger than the area, maybe 1/8" all around. Then after hardens, use your original drill (mine 1 7/8") to drill a clean hole through the epoxy over-build (remember outside towards in).
7) Liberally apply your choice of bedding compound and set into place, don't fully tighten until the compound sets up a little, then snug it up to seal well.
Mine is 3 1/2 yrs old, no problems whatsoever -- now where's that wood to knock on, hmmm. Hope this helps.