Re: idles, but no forward or reverse
Slow down, you're jumping to conclusions and could well end up spending a LOT OF MONEY on parts you do NOT NEED.
It lost power, OK, how old is the impeller, was it beginning to overheat?
Check compression, check spark, repost the results.
You want to check and ensure that the engine is mechanically sound and rule out the majority of problems.
The carbs were cleaned, IF, the idle mixture was set for best idle speed while on a garden hose then the idle mixture is too lean once the motor is in the water an most be adjusted maybe a quarter turn out on the mixture screws, once it idles in the water THEN you can fine adjust while idling in gear, set them to best idle plus just about the width of the screw slot on the end of the needle.
NO MONEY SPENT ON PARTS, yet. PROVE THE PROBLEM first.