Re: 150 Johnson burned wires
Does that red wire run to the positive battery cable on the starter solenoid? If so, it is the battery charging wire from the voltage regulator. You should remove the plastic cover over the voltage regulator (center of the head, 4 ss screws) and check the V-R for damage. Also, check the red wire to see if the insulation rubbed off. if you disconnect the plug with the yellow wires, and start the motor, you can check the stator for charging votage. It is AC voltage at this point.
One more thing, on the port side of the motor, the boat wiring harness connects to the motor harness(there are three plugs). see if there are any melted wires there, especially the ground (black), purple and grey wires.