Re: 1989 150hp merc outboard
I'd run a compression test on it. If it's 120 psi or more and within 10 lbs per cylinder, it's good. Run it then, and if it goes good, it probably is.
They come set up a little rich, and if the carbs are right, the reeds aren't bad, and the linkage and timing are set right, they go pretty good. It's 2.4L with about 160 hp at the prop right out of the box.
Unfortunately, there seems to be quite a few mechanic wannabees that don't pay attention to detail, and will misroute bleed lines, misadjust linkage because they think they know what they are doing without the book, and put in unsuitable parts. One that bit me on my 88 XR4 is the "authorized merc mechanic" put in a cheap plastic aftermarket bayonet connector to fix a fuel problem, and it added to the problem. The plastic connector just won't pass the 15GPH this engine wants at WOT. (the original problem was contaminated fuel plugging the filter.)
I put a little oil in the main tank (about 0.8 oz/gallon) so if the oil pump fails, the engine will live till the alarm goes off and I can slow down. That much oil will get you home at half throttle. I consider the oil injection system more reliable than my memory, but that ain't saying much. I think If my life depended on it, like big water boating, I would either pri-mix, or put on an aftermarket electric oil injection system.
The quickest way to kill this motor is to starve it for fuel, especially at WOT.
The funnest thing about this motor is having teenagers beg me to slow down.
hope it helps
John