I just picked up a 1984 Playcraft pontoon with a 3.0 OMC with Stringer outdrive. It repeats the symptoms like clockwork.
1. Show up to boat after work
2. Start boat. Fires up just fine. Runs smooth for ~30 secs then stalls (watch video http://youtu.be/EntDRZ_QUKs )
3. Try to restart...