Also try that with the cowls on and removed.
Could also just be dirty carbs that need a good cleaning. Partially blocked fuel filters and/or strainers. Decarb done recently? How long have you had the engine?
If it were mine,
I'd have a merc dealer scan it for faults. If none were foune, I would pull the injectors and send them here for cleaning and flow testing.
Tony Brucato
www.brucatosvs.com
(919) 718-0249
Running a partially plugged injector is about the quickest way to a major overhaul I know.
hope it helps
John
Sounds like a fuel issue. You need to run some Chevron Techron ( in a strong mix) through the injectors. If that doen't clear it up, they will need to removed and cleaned properly before you burn a hole in a piston, then you will be in a pickle.