Re: Tilt & Trim 1979 mercury outboard 90hp
Broke, The other posters do not have experience with your PTT unit. They have given general advice, which works for a lot of PTT units, however is not as applicable to your unit.
Your PTT unit originally called for standard detergent 5W-30 motor oil. someone over the years may have used auto trans fluid in it. This is acceptable, however, you do not want to mix them, so check what you have. I would drain the SAE- 30 oil out, since it is too thick to work properly.
You can invert the pump/resevoir unit and let the oil drain out. Refill with 5W-30 or any ATF.
The pump is self bleeding, but the cylinders must be bled manually.
If the cylinders are leaking down, is it likely due to either bad teflon piston seals or a bad control valve. Usually it is the teflon seal.
There may be rebuild kits for the trim cylinders, which include a bunch of Orings and the teflon seal, however, instaling the teflon seal is tricky, and requires a special tool like a ring compressor to get it back into the cylinder liner.