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Well it turns out that the condensers were Ok. The points were just dirty, and after a quick filing and regap they seem to be pretty good. That’s great news since the replacement condensers were not going to fit well without some modifications. I have since replaced the water pump impeller and seals, overhauled the fuel pump and carburetor, and had it running in the barrel. Unfortunately the short fuel line between the fuel pump and carb is cracked and leaking, so I am waiting on a replacement from MarineEngine.
Also getting some new rubber seals for the water pipe sections. It pumps water out the tell-tale, but just a trickle and I’m hoping that the seals help improve the water flow. I’m assuming that when the engine is running at “shift range” speed, that there should be a pretty decent amount of water flow correct? More that a trickle?