Re: '77 70hp trouble at the lake
a tiny 11 foot boat, that's not a lot of planing surface...

jus kiddin, how many RPMs will it make, pushing the boat?
Motor revs in neutral, doesn't prove anything. unloaded, it'll idle on one cylinder. It's how it performs under load that matters. Put a load on a motor, more heat, compressed air in the cylinder, higher resistance, takes more to produce a spark.
Back to basics. Whats the compression on this motor?
Spark test (not a "spark plug" test). get an inline spark tester (couple bucks at autozone), set the gap for 7/16", clip it to the engine block, attach the plug leads (one at a time) and look for a strong blue spark while cranking. If it can't jump a half-inch gap in the open air without a spark plug, it's not firing in the hole under heat & compression.
If you got good spark & compression then the carbs need rebuilding with new kits. If you already just installed new kits, go back & clean 'em again; punch out the core plugs, soak all the metal parts overnight in carb cleaner, remove the jets & clean 'em. Follow the "carb cleaning & rebuilding" link from the "top secret thread" at the top of this forum.
Compression, spark, fuel, if she gets all three, she runs. If she don't, she don't.
btw, here's some information about "runaway", you should know before revving it up in neutral:
http://forums.iboats.com/showthread.php?t=430070