I just purchased a 1974 mercury 500 thunderbolt ignition outboard. Compression readings are 160, 160, 40 (yes 40), and 160. Obviously the number 3 hole is dead. Starting with the low buck options, what should I do first??? I am VERY mechanically inclined so please don't offer retarded advice. From what I have read, this is one of the best rebuildable motors available and I have no problem throwing some money its way!!! The motor sat in a garage in the Pacific NW for almost 9 years and was supposedly running when parked. I am looking for sound advice not smart *** comments. I paid the guy $40 for the motor so I did not give up much for the chance at a solid motor that needs some work!!!
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