Re: mercury alarm
Follow the tan wire from the temp sensor to the black box. At the wiring harness to that black box use a test light or meter to check every wire until you find 12V with the key ON, unplug that wire. That wire should be purple.
If this stops your alarm then order a new module.
There should also be a tan wire from the main harness that is 12V with the key ON. This is the wire from the horn and also connects to the temp sensor. When the sensor trips it grounds and the horn sounds.
If disconnecting the tan wire from the harness to the module stops the horn then there is a short somewhere else in the boat harness.
If you plan on running your boat before replacing the oil alarm module, you should be sure the tan wires remain connected together, that is the wiring harness tan to the sensor tan wire. This will enable an over-heat warning.