Re: 1962 Johnson 28hp
This is a pretty simple motor so it isn't complicated to figure out what is going on. Go back and set the needle valves per the factory setting. I don't have a manual on a 28hp OMC but the settings are probably the same as for the 33hp model. Gently seat your needle valves and then back out the high speed valve to 3/8ths of a turn, and your slow speed valve to 1-1/4 turn.
To adjust these valves, run the motor in gear and adjust the high speed valve first. If you have a test wheel or have access to one, you do this in a barrel or at the dock. If you do not have a test wheel, you will need to have a friend drive the boat for you, while you do the adjustments. With the motor at WOT, adjust the HS valve until you obtain peak rpm. Once this is accomplished, the slow speed valve can be adjusted. This is done in gear, with the motor running at 700 - 750 rpm. Once again, adjust for peak rpm but consider the smoothness of the idle too. If the motor "sneezes" (makes an intermittant "chuffing" sound), the mixture is too lean and you need to enrich slightly. For all of these adjustments, allow 15 seconds between changes to insure that the motor has enough time to react to what you did.
If you motor is still running poorly after doing the above, its time to check some other things. The first thing that I would do is to check the compression and, in fact, it makes some sense to just go ahead and do so right away.
PS:Text edited to fix mistake per FR's post. "Cyber beer" sent to Shaun for my inattention and general screw up!
