Re: max RPM of 1977 115 mercury and whats final drive ratio?
I should have expounded more. The 115 was rated for a full throttle of 5300 as Dave correctly pointed out, in the 1970's.
However I found if you prop it for 5800 you will have a much better all around boat. Propping will allow the 5800 no problem.
The 150 I recommend 6,000. The XS was rated for 6300 and I would say leave them there or even a little less, more of the 1500 specs.
In all of these engines lower the timing to around 19* with todays fuels and go up one jet size. Your motor will thank you.