Re: 3 years and still no fishing...
Well, in the current case, we're addressing a person who doesn't have all that experience you mention. None of us know what the proper torque is because we don't know what outboard he's working on.
However, you implied that it's OK to use an impact wrench to tighten a crankshaft nut. Perhaps you've gotten away with that for years. Like you, I know my own impact wrench very well, and can pretty much get within 10% of the correct torque with it. But, when it comes to tapered shafts with shearable keys, I pull out the torque wrench every time. Costs me nothing, and I get it back to specs. Never had a key shear after that.
Almost never here are we dealing with experienced mechanics, though. In those cases, it's certainly not OK to imply that it's OK to use an impact wrench on a crankshaft nut when tightening. Now, taking the nut off is just fine with that air wrench. But it's risky going the other way.
It's nice that you can do that with your impact wrench. I'm sure the OP would love to have that much experience. But, if he did, he wouldn't be asking questions here, would he?
I agree that it's probably not the key. More likely it's a wiring problem. But, until he gets back to us with the model of the outboard, we're all kind of stuck.
Do whatever you want when you're working on outboards. Just don't advise people here to do things your way. They'll bust something and then be really ticked off at iboats.com.