Re: 115hp/1150 convert to 135/1350 help
If it's a true 1972 (Blue Band) you can't easily convert.
'72 and newer blocks with the thick, split-type exhaust adapter plate and (2) rectangular exhaust outlets built into the bottom of the block, to match up to the plate, get their HP increase from larger ports.
Only a '71 or earlier Red Band 1150 can be readily converted to 1350 specs by installing wider reed valve stops (or swapping out the reed blocks for ones with wider stops), changing the plastic carb venturi's, and installing larger main jets (.0785").
The intake & exhaust ports on these Pre-72 blocks are huge, and the 1150 is basically "HP-Restricted" by the "skinnier" reed stop openings, "fatter" carb venturi's, and smaller main jets.
If yours is a later-model 1150, you'd either need to get the block ported (not cheap) or find a 1400 block. Or, find a 1500 block and install power-ported pistons to go with. And of course re-jet the carbs while you're at it. Even better if you can get the carbs that went with the higher-HP motor.
Far as ign goes the smaller ign coil which mounts to the block cover is a worthy improvement over the larger cowl-mounted coil. Not necessarily more spark energy, but a lot easier to work around.
Make sure your dist cap is clean inside, rotor & plug wires in good cond, and distributor bearings nice & smooth. If there's any signs of roughness in the bearings I'd renew them. Check out the snap ring under the copper "chopper" disc, if this corrodes & shatters (as many many have done), the remnants will grenade the rotor and trigger, rendering your very expensive distributor useless! All for a cheap snap ring! Mine broke in the middle of summer one year, luckily the local boat salvage yard had plenty of cheap parts.
Dist parts for these are neither cheap nor plentiful anymore, so if you can find some spares at a good price off Craigslist etc, more's the better!
P.S. the best way to get optimal performance from any motor is to make sure it's properly set up on the boat, tuned & propped correctly. Once you establish a baseline for performance you can look into stainless etc performance props and that'll add quite a bit.
But you never know when your next Inline will be lurking on the Craigslist. I'm trying to resist one right now but not doing so good with that!
HTH.........ed