A 1976 Merc 850 was the year of switchover to ADI ignition. Older Merc tachometers used the brown terminal on the battery-driven distributor CDI ignition switchbox to drive the tach. That terminal does not exist on the ADI switchboxes, at least I don't think it does.
You should be using a universal tachometer, with +12VDC, ground and signal connections. When battery power is applied, the tach should zero. The tach should have a 12 pole or 6 pulse setting. Most have only a 6P setting. That is what you want to use. Check continuity from the rectifier, along the brown wire to the tach. If the rectifier is shorted to ground, the motor will not charge, and the tach will not work.