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This tester is good for testing the 4 wire connector on the vehicle.
This is just an example. They are widely available.
https://www.etrailer.com/Electrical-Tools/Brophy/F4CT.html
If I remember correctly if it's like my V179 it's mostly orange with black fleck.
I replaced it with grey about 40 years ago.
I think you're going to have a hard time finding an exact match.
What was the original motor that was attached to the alpha 1 outdrive?
It would be best if it was from a 120/140/3.0 so the gear ratio would be correct.
Need more info to help.
What's the diameter of current prop?
What rpm's are you getting at WOT and what's the recommended WOT?
What's your top speed now?
There should be manuals available on ebay.
If you provide the serial numbers of the drive and motor and approximate year, someone can point you in the right direction.
My Honda kicker weighs about 85 lbs.
I've towed many miles with it and no issues.
I keep the motor in the down position.
I have an OMC bracket, can't speak for panther.
Older 2 strokes have there own ways to start especially cold.
Whatever works is the correct method.
Advancing the throttle by pushing that button accomplishes the same thing as the idle control lever.
You don't mention anything about using the choke?