Unless your timing is retarded a few degrees there is a good chance you will fry it -burn a hole in the top of the piston with todays crap gas.The extra dollar or so that it cost to fill up a 6 gallon tank with premium is well worth it vs the expense of a rebuild or another engine. I believe Merc years ago even put out a service bulletin to its dealers tellling them to back off the timing. I run premium along with adding a gallon of 110 race gas every time I fill up a 6 gallon tank. My timing is set at pre crap gas numbers. Depending on what your mainly using the boat for may determine what grade gas to buy or where to set the timing. If you back it off you can run maybe mid grade but you have to ask yourself , Do I feel lucky.