Re: 1956 5.5 hp johnson
It's pretty simple. First, unlike a modern outboard, you must close the tank so no air can escape by screwing down the gas cap. Then pump the little primer knob on the tank until it's firm - this feeds fuel into the carburetor so you can start the motor. Then set the choke so the choke plate is closed, and pull the pull starter. If it starts and dies, open the choke and pull a couple more times.
Once the engine is running, pressure from the crankcase is fed into the tank, which in turn pushes fuel up into the carburetor. When you're done for the day you should release the pressure from the tank by cracking open the gas cap slightly.
Allow me to re-inforce what Xcusme said, the water pump needs to be serviced at least every few seasons just like any other outboard. This is critical to the survival of the engine, since overheating will very quickly destroy an engine. Once you've seen it start, it should be the very next service you perform on it
before pressing it into service.
Have a look at PROCEDURE here:
Tom Travis' 5.5hp website
Tom is very concerned about pressure tanks, but I don't see them as a problem as long as they're maintained in good condition. Check the hose for signs of cracks, and the tank shouldn't be allowed to go rusty.