I have a Honda 50hp 4 stroke outboard. I am not sure of the year, but I assume it is a 2000 or newer (silver engine cover which says Honda 4 Stroke). When I run the engine I am getting a beeping sound from the control panel area. This engine is on a 17' Carolina Skiff with a center console. I can see water coming out of the pee hole in the rear, so it appears the water pump is working. If I increase the speed of the engine the beeping stops, but returns when I go to lower RPM's . I checked the oil dip stick on the engine and noticed it is above the high mark on the dip stick. Is it possible that there is too much oil in the engine? Any help appreciated.