1980 Mercruiser 260. I have power to the red wire on the key switch when the battery is on. I have power to the purple wire on the key when key is in run position only, not start.. There is no power to the yellow/red wire in start mode.
the yellow wire with the red stripe starts at the key switch, goes thru the neutral safety switch on your control handle, then to the connector at the motor, then to the pilot relay for the starter, then to the starter.
manually jump starter to determine if starter has gone bad. Be sure to disconnect coil wire first. Usually, not having all grounded wires GROUNDED is the culprit. I destroyed a starter drive and ring gear due to poor voltage/amps going to starter via helm switch/breaker. Salt water had corroded breaker internally over years.