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I'm having the same issue as we speak on an 81 40hp 2 stroke. I've checked all the components and have found the rectifier was bad but would fire the same way even with it unhooked so the only thing I feel like it can be be is the switch box. I've found a decent deal on one and placed my order...

Alright guys I got that figured out and working finally.... Now my issue is it's only firing on 1 cylinder at a time... I'm other words both cylinders will fire but if they're both hooked up only 1 will.... Doesn't matter which one I disconnect the other one will fire just never at the same...

Well I haven't had it all the way apart I opted to change the shaft seal the hack way and pull it out from the rear with everything still in place. I will investigate further after what you have said though thanks for the reply.

Ok so I've done a search and found some similar issues but nothing exactly like what mine is doing. I recently acquired an 82 mercury 40 2 stroke which had been sitting for a while. I rebuilt some stuff on the motor and pulled the lower unit to rebuild the water pump and replace the output shaft...

Need a little help here. I recently had a boat given to me and I plan on restoring it. The boat is in fairly good shape and has 2 mercruiser 200 sitting in the engine box (excuse the terminology if that's the wrong name for it). There is nothing from the outside the back of the boat whatsoever...