Re: 120 Chrysler no power
It would really help to know the size of the hull, the RPM, and the speed you are getting. Engine year and Prop pitch would also be nice.
However: You MAY be running rich, so it is time to pull the carbs and clean them. Check the inlet needles for wear or sticking and re-set the float height before reinstalling the carbs. After installation, re-synchronize the timing and carb opening.
It is also possible that you are running rich at part throttle and running out of fuel at full throttle. So, for that reason, replace the diaphragm and gasket in the fuel pump and clean the button valves with WD 40 or similar sprays. Check the fuel system for restrictions and clogs from the tank pick-up to the carbs.
Please understand, though--and this is why top speed figures would be nice-- speed is not directly related to throttle position. That is, it is not linear. After about 1/2 to 3/4 throttle, the butterflies quickly open fully, the engine uses a lot more fuel, makes a lot more noise, and speed will only increase about 2 MPH.
If you look at the throttle cam as you open the throttle, you will see that up until a certain point the throttle will only open partway, about 1/4, while timing is almost fully advanced. This is the "cruise" position and usually results in close to the best fuel mileage. After this, the "finger" on the cam rapidly opens the butterflies to wide open position. It is important to adjust the link on the cam so that the butterflies are opening substantially fully at WOT position.