Same problem here! The engine runs great for a little wile and sometimes it doesnÂ’t. I have really been trying to find the cause of this problem and from my research the stator seems to be the most common issue among older two strokes ignition failure. I have found a few stators for $150 for my 90 hp (I was told that a 90 can use a 115 stator, but its not so great the other way around as it doesnÂ’t produce sufficient amount of current). But here check this out.
http://boatingsolutions.com/AB1430/s...2790&CATID=115.
I believe its rated for a 140 but will fit a few other power heads. But I have also seen used stators off of engines with mechanical damage separate from the ignition for 115 and 140 HP engines on Ebay for <$90. I have also read that while you are replacing the stator you should also replace the trigger plate.
They are easy to replace, remove the 4 bolts on upper engine cover, the six bolts on the flywheel and remove that, and youÂ’re in trigger plate and stator can be observed and easily replaced. But if you do attempt it your self (judging by your post you won't but) donÂ’t forget to readjust the timing after all is said and done!!!
Good luck with your engine (older 115Â’s are beasts) but PLEASE PLEASE Please..... Let us/me know your results as I have the same symptoms