Can't speak so much to the 76 115's, but in general (I'm sure you know... ), you'd want to do a compression test, spark test, and run it if possible before you buy...
As for the color.....
Eh... Maybe it got switched out to another transom bracket, but I'd probably lean more toward somebody painted it..
Can't count how many engines in my area have been painted outside of what they were, but are actually the engine the plate says it is.
Do you see evidence of the original color anywhere? (inside cowling etc... )
Is the wiring harness in good shape? No major hacks in the wiring?
I'd probably get the model number, and look up the parts and features the model number SHOULD have, and compare to what this engine actually has.
Also look for any discs the size of a quarter and see if there's matching model number on it.. (Not sure if there is on a 76 though.. :noidea
I'm sure the others here will be of more help.
