Re: '96 225HP Mercury (Low Power)
First thing to do is pull the spark plugs and take a careful look at the color, any light color may indicate the carbs are dirty and running a bit lean, potentially dangerous, as that could lead to melted pistons.
Second, get an adjustable gap spark tester, set it the 7/16 inch gap and test spark on all cyl's. Hot bright blue arc required.
It is still possible to have a weak high speed winding in the stator coil, you will need a DVA meter to test the stator output.
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