Re: 115 evinrude
Ezeks first post was to eliminate spark and compression, you still need to finish that part. You can get a spark gap tester for about $10 from an auto parts store..an absolute necessity for working on outboards...should get a strong continuous spark at 7/16 gap.
double check your spark with this, If you can borrow an inductive timing light as Ezek mentioned this would eliminate a coil breaking down at high RPMs,
if the coils are old you can replace all 4 for around $100, not a bad thing to do.
you have eliminated compression, once ignition is eliminated you will know for sure it is fuel related.
As to Ezeks last post, was this motor on this same boat and running fine before with same prop?? the wrong pitch prop can cause low RPMs. But if it was running fine before then its a motor issue.
you are using champion QL77JC4 plugs?? at .030 gap