Re: 76 115 hp
Punchy, Make sure you have +12V on the red wire on the switchbox at all times. The white wire (under the red one) should have power from the ignition switch when the ket is set to run. Here is the troubleshooting procedure courtesy Clams Canino:
MERCURY BATTERY-POWERED CDI TEST
FOR DISTRIBUTOR MODELS
This test is for the 332-2986 switchbox used from 1967-1978 on all the inlines.
This test assumes your coil is good (most all are).
DISCONNCT BATTERY
1. Turn off ignion
2. Disconnect all 3 wires on the distributor side of the switchbox.
3. Remove the HV lead from the coil to the center cap (remember it unscrews
from cap)
4. Reconnect that HV center lead to the COIL side only.
5. Position that HV lead about about 3/8" from ground (block, shrouds etc)
and find a way to hold it there.
6. Jumber the brown and white terminals on the dist. side of the switchbox
together.
RECONNECT BATTERRY
7. Check that you have +12 V at red terminal.
8. Turn on ignition and verify +12V at white terminal (on red terminal side)
9. Touch the black terminal to ground - unit should cause spark each time
you touch ground.
If that passes and it won't fire at all, suspect the trigger