Re: 1986 mercury fuel/oil ratio
Naw, that ignition will burn 25:1 with little trouble. In fact, that's how you're supposed to break it in. It's just a waste of expensive oil on a smooth free engine.
Just slapping on another different carburetor without carefully dialing it in at all speeds can cause trouble. If it's too lean at any speed, it could actually burn down the motor. I don't know about that particular swap, but someone here does and could make a recommendation for jetting or adjustment.
If it seems to run good, I wouldn't worry too much. If you've a mind to, you could idle for awhile, then check your plugs. Put in new ones, run wide open for awhile, then check the plugs. Then again at mid range, just to be sure the carburetion is dialed in.
I'd recommend getting the oem maintenance manual, and do the "link n sync" procecure in the manual. It'll give you a good feel for how the motor is supposed to behave, and also assurance that it's set up right. You should really do this before you dial in the carb.
hope it helps
John