Re: 2004 Nissan 15hp NO POWER
You need a methodical approach to this. Manuals will definitely come in handy here, especially if you want to check/set timing. The parts catalog is available at
http://www.internetoutboards.com/PartsCatalogMenu.htm. The service manual is available at any Tohatsu/Nissan dealer.
Did this problem start all at once, or was it a gradual degradation? Does it idle OK? Is it Ok up to about 2,000-3,000 RPM? Does the warning lamp come on at all?
I would start by verifying that you gave known good, fresh gas. Ethanol in the gas causes a lot more problems than expected. Double-check that main jet in the carb, and verify the fuel filter is good, or just replace it. I would also check to make sure that the crankcase oil is not overfilled -- not even one cc high. And of course verify that the cooling telltale is flowing. This motor has a "limp-in" mode. If it detects a problem (such as low oil pressure), limp-in mode will allow it to run to get you home, but will prevent full power by alternately firing the ignition as you try to increase speed. Does that sound like what you're experiencing?
It's doubtful that the timing belt jumped a notch, but you can check the cam timing marks by removing the cover over the timing belt. Likewise doubtful -- seldom a problem under 300 hours, but possible, if it was a gradual degradation of performance -- the valve lash could be a little too loose.
BUT... Most likely is that the ECU (the CD unit) is going into "limp-in" mode. If that's the case, and IF there's no actual problem to require limp-in (good oil pressure, etc.), then you have either a sensor problem (oil pressure switch -- lamp should be on if low oil pressure is detected), or an ECU problem. If so, it's probably best to get it to your dealer, before you start just swapping expensive parts.