Re: 1975 Johnson 15hp Carb Settings
Check to see if the throttle cam is synched with the throttle, the cam is on the magneto plate. Rotate the throttle grip to slow, then slowly open the throttle and note when the cam begins to open the carb butterfly. The carb has a linkage with a plastic roller that rides on the cam. There is a mark/arrow on the cam, when it lines up with the roller, it should be just at the point where it starts to open the throttle. You can loosen the two screws holding the cam to the magneto plate to adjust it if needed.
A 12 volt battery and timimg light can be used to check the timing without removing the flywheel, this is a points type ignition(the most reliable too), but you really need the service manual for the specs and pictorals of how to adjust the points if the timing is off.
It is not uncommon for engines this old (I have a 1975 too) to require new upper engine mounts, and a new upper water tube grommet. I just had to replace my lower unit/gear case seals last year as well.