Re: What the Merc dealer says
btuvi,
Yer on the right track. The two plug types are basically interchangable. One is a platinum tip, and one is irridium. The trailing letter is the gap size. Otherwise they are the same plug. I think folks have found the .040 gap works the best. Be careful you don't touch the center electrode. It is very brittle precious metal. (but it can take a heckofa fire without damage)
You need good plug threads because plugs are a consumable item, and need to be changed.
Believe it or not, these motors ain't rocket science. They are high performance (power density) and very compact, which can be intimidating, but there is nothing a shade tree mechanic can't do on em if he's willing to be careful and do things right, at least until you split the cases and start pulling pistons and rods. The motors themselves are about half as complicated as a car motor mechanically, and much simpler than a modern car motor control (engine management) wise.
The plugs as you described them indicate a real hack has been working on it. If you pull the heads, take a look around for scoring and such, clean things up, have any cracks welded and properly machined, threads cleaned up and/or repaired. (one way to repair the plug hole is to heliarc weld it up, drill and rethread it.) and put it back together making sure bolts are clean and straight, and use yer torque wrench. I've found I need 3 different torque wrenches. I torque every bolt, even the small ones.
Ask a lot of questions. For instance it's been found by most that if you reuse the head bolts, don't stretch them as the book says for new ones, just torque them.
The factory maintainance manual is worth it's weight in gold.
The first Mercury engine I ever owned is a V6. I've never seen under the cover of one before. I went through carbs, exhaust chest, reeds, and all the electrics the first winter. I found a lot of little things wrong and fixed them. It runs like a scalded dog.
I ramble on.
If it were mine, I'd get the cross threaded plug out, and run a compression check. I wouldn't even repair the threads before that, maybe just chase em with a greasy tap. If it's good, then go for it. It'll be worth it.
hope it helps
John