Re: 1973 Mercury Thunderbolt 500 50hp no power and horrible fuel economy!
I'm 99% sure it's something with the carbs, but even when I had the manual, I couldn't figure out adjustments and such. On top of that, they are not very easy to get at since there is so much stuff packed into a tiny engine compartment. I'll either try to sell the whole setup or just sit on it until I can afford to have it worked on by someone who is competent. Parts are becoming increasingly rare, so it's hard to say what's next...
Where are you looking for parts? I have a motor older than yours and share alot of parts with your motor and I can find almost anything I need in 10 min or less browsing the web. If you take part numbers and google them 99% of the time u will get what u need. I also noticed alot of old part numbers are replaced with revised ones yet the same part.
Also I believe your boat mechanics are one of 2 things,... 1 is incompetent, 2 if they sell motors they just want u to spend money on a new one from them rather than them fix it.
I live by a few marinas that work on these motors all day. If a mechanic says everything is diagnosticly checking out great but I cant fix ur issue hes not a real outboard mechanic, hes no different than u and I but maybe with more trial and error experience. I personally think your letting people lighten your wallet (im not trying to come off as a jerk at all) and you need to find a real certified mechanic. $100 an hour though makes you cringe, I know, ive been there, and ive been swindled by a marina before. It wont happen again. I bet ur issue is a stupid adjustment. I will tell ya bud I have issues of my own with my 70 mercury 650 specifically on throttle issues like you. A black plastic cam was out of adjustment and prevented my carbs from closing all the way. Took me 3 days of staring at the distributor and the linkage to figure it out.
Long story short if ur carbs are in spec than stare at ur linkage and distributor and make sure everything is turning sequentially and fully. There should be minimal play on anything at wot and I mean like .008mm play if I recall from manual. Make sure your throttle screw is pushing that lever on top of carbs all the way, if not adjust it. That lever on top of carbs should be pinned and not move at wot granting also that your distributer is in proper advance also. JMO bud, hope you get that thing going soon.
edit? also send me ur email through private message, I have a pdf file for you that has all the spec's and how to on your throttle adjustments that you say u dont have. I bet 100 to 1 I have what you need to get u on ur way, I got it from Carholme off here.