I recently bought a 15 tri-hull with a 1976 Merc 650 3-cyl, 65 hp, SN - 4385748, type 'C' carbs. The ad said 'MOTOR NEEDS WORK'. Truth in advertising! I am new to boats but not new to keeping things running. (four kids in college, broken cars daily event). I have rebuilt the carbs, new float needle and seats, set timming and sync acording to 'SELOC' repair manual. checked compression, 135/135/135 psi, checked plugs and spark, fuel pump and filter, looked for plugged exhaust ports, etc. The problem is that I can get it to start, idle and rev nice out of the water with muffs on, but when I take it to the local 'pond' it is hard starting, won't idle smooth, and dies on rev up. Its like the added back pressure on the exhaust when it's in the water makes it a whole different beast. I have tried pumping primer bulb while running but makes no difference. I am begining to suspect a weak ignition system, but hate to start replacing expensive components on trial and error basis. The stator and trigger assemble bench test good, but can't find info on testing switch box. Does 11/16 float drop and 1 turn out on idle screws soound right? Also, what about the reed block? 'SELOC' repair manual is vague about it. Any help would be greatly appreciated, as my wife wants me to finish the kitchen remodel project first, I told her I got priorities!!! Might be sleeping in the boat soon!!