It's not outrageous at all. How long it actually takes, determines how fair.
I would time it, not to bust his balls or argue at all, but just to get an idea of what the hourly labor rate turns out to be. This can be a consideration point for future repairs if it seems high, but in this case, it does not seem excessive.
As others mentioned, you're going to pay a bit for anyone else to bother to do the work instead of DIY.
It does seem high to me within the context of not paying someone else to do work I could myself. I mean that if you are cost conscious, you really, really, REALLY have to start DIY repairs once a vehicle gets past a certain age.
A good mechanic would plow through this job like nothing, Not all jobs are equal in the profit margins.
Labor guides/Estimating software exist for a reason, A customer is free to take their car elsewhere if they think I'm being unfair.....I don't know of any Shop Owner/Shop Manager that would be okay with timing one of their Mechanics as not every Mechanic is equally efficient, If I were to entertain this craziness.....I would put my slowest, Least knowledgeable guy on it.
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