Re: '79 V150 fuel /oil mix
Are you sure it isn't a VRO oiled machine, where the 2 cycle oil is put in a seperate tank in the boat?
If it isn't, or if the VRO has been removed, then:
If it's stock fishing motor, 50:1 TCW3 oil.
If it's a drag motor, or high performance, More and better oil.
hope it helps
John