Re: 1967 40hp Questions
Dry: Sure does; if there's fogging oil in there when the compression test is taken, you'll get an artifically high reading. If it's been recently run it'll read a little higher sometimes. Especially if run on a heavy oil mix.<br /><br />There's no real spec since that depends on temperature, altitude, cranking RPM, etc. Decarbing may pick it up a few psi if there's a stuck ring or two (which is very common with these engines, especially if extra oil or the wrong oil is used).<br /><br />Check the lower unit lube for signs of metal or water (looks milky, like coffee with cream) before closing the deal. Intelligent questions to ask is if the ignition coils have been replaced (common problem), and when the impeller was last replaced. The impeller needs to be switched out every few years, so that will give you an idea if it's been neglected.<br /><br />I don't know your outboard market, but I would think $300 is a fair price.