I have been unable to get my hands on a pressure gauge or timing light but we went ahead and put on a brand new merc fuel pump and tested it out. First trip was around 6miles each way at 3000-3200 rpm and the noise was gone, this was on a relatively calm day with under a half a tank of fuel. No issues at all and the motor ran great.
We went out again yesterday and made it about 2-3 miles at the same rpm range and the noise returned but no nearly as bad as before. This time the fuel tank (100 gallons) was nearly 3/4 full and the seas were a lot rougher. If we lowered the rpms the noise would leave completely.
We also swapped fuel the pickup lines from the tank around and it made zero difference.
I’m still not sure if fuel or timing is the issue, but I described the issues we are having to a few mechanics and they all suggested spark knock. For anyone that has had spark knock issues on their mercruiser does the video sound similar?
thanks for all the help so far, hopefully we can get this figured out before winter. I think the next step is either replacing the carb or rebuilding the one that is on there. Getting rid of the TKS carb would be ideal.