Re: Nissan outboard loses power after operating at full power after about a minute
OK, cool, M40D2...
If you're talking about that 3B7-01046-0 plug on page 8 of the scanned parts catalog from Elvin's Internet Outboards site, that should not affect the spark to any cylinder.
If you don't notice any RPM drop when disconnecting the plug wire from #3 cylinder, that of course points to the faulty cylinder... if that spark plug comes up wet, it's likely it isn't getting spark (though it would also be possible to be getting tons of fuel, which won't ignite)...
If you have an old-school pencil-style inductive spark checker (with neon light in it), or for that matter, even an old style timing light, that would tell you if power is being delivered to that plug wire... since you changed coils, that seems to rule out the coil for #3... so one might suspect, all else being equal -- good compression, proper air/fuel mix, etc, that you either have a shorted plug, or are not getting a trigger to the #3 coil...
I would try a new plug (if you have one handy), or at least dry out the present plug, and maybe swap that plug to a known-working cylinder. Also see if you can test for spark... and see if maybe the float/needle in that carb is jammed open, dumping tons of fuel to that cylinder, which can't burn, as it's way too rich. Naturally, if that cylinder doesn't have compression, all bets are off.
Of course, once you get your service manual, you can pinpoint problems better, and see if the coil is being triggered by the CD.
Best in the New Year...