I just purchaced a black max 150 1984 with the oil injection removed. It appears that the power head has been apart at some time , though it looks like a good job not a mess. The engine runs great on the water on my 18 ft baja it will pull 52 or 53 with three in the boat. The engine just seems to have a odd sound to it .. Like a cracking .. if it were a 4 cycle I would suspect a intake valve would be burnt .... I took a compression reading and one cylinder is 15 or 20 below the others (130 and the low is about 110 ) I also could believe it to be a Exhaust manifold leaking ... I must profess I have had countless car engines apart but never a outboard power head .... Ideas and imput would be great thanks ,, BTW my dad sold mercs from 1961 till 1971 .. so its kinda in my blood ... 