Re: Old Merc
Was the distributor that came on the '73 bad?
If it were me, I'd take all the wires off the switchbox and clean the terminals with a brush. I'd also clean all grounds. Then give it a try with the original distributor after cleaning the rotor tip and getting the corrosion off that the arcing causes. I'm not sure if the '76 would work or not. Go to crowleymarine.com and look up the parts diagrams and see if the part numbers match.
I've had my switchbox stop working on my '73 and '74 650's and if I recall correctly, disconnecting the brown wire and cleaning the terminal and reattaching seemed to get it working right.
As far as I know, I believe your motor has a battery CD ignition with a distributor as you already know, and doesn't have a trigger. It does have a coil. Check to see if you're getting voltage at the coil as well. Don't run it on a battery that isn't fully charged.
Maybe Laddies or Faztbullet, or others that really know the mercs will post on your thread.
Good luck,
JBJ