Re: 1978 Mercury 7.5hp no power in forward
Running in a barrel will not give near as much load as on the boat and in the water.
Two things will severely limit power, low fuel flow or a weak spark.
Check both. Disconnect the fuel line to the carb and crank the motor to see if you are getting a strong pulsed flow, if not, check the fuel pump diaphragm, alcohol in the fuel can cause hardening, restricting movement and flow.
Check spark using an adjustable spark gap tester set to at least 1/4 inch, if the ignition will not throw a hot blue arc, it needs attention as that will limit power.
Repost your results.