I have a 1984 Yamaha 40HP (twin cylinder)in tidy order. Engine runs well but the overheat sensor and engine rev limiter cuts in regularly as soon as the engine gets a few minutes running at more than 1/4 throttle.

Engine temp feels okay (the touch test on the block), water pump impeller is new, tell tale pressure is great even at idle, so I doubt I have a cooling water problem. Maybe wrong with this though...

My thought is I have a faulty engine rev limiter and temperature sensor. I have no idea how to test this to check it out.

Any ideas and suggestions welcome.