Hugill gives 3 versions of 351 including Colcord's. Here's the fragment Captain Yates sang me for comparison.

No more pulling on the lee fore brace, let the topsail halyards stand,
No more up aloft with a greasepot in my hand,
An' no more I'll go to sea and sail the Western ocean,
Then we'll sleep ashore, I'll go to sea no more.

The unusual format smacks of a Music Hall piece from the 1890s. The phrasing seems to change in the last line.