Re: 1975 Johnson: Fuel in Exhaust
Definately look at the fuel pump, also and maybe this is not important as I am not an expert but try pumping your primer bulb to see if it gets hard and holds pressure. If the primer bulb does not get hard it is the sure sign of fuel leakage problem either in the lines,pump, or carbs.
You can eliminate the carbs one at a time by disconnecting them at the T where they are connected at coming out of the fuel pump. Just disconnect the fuel line and install a piece of capped off fuel line to isolate a single carb, pump the primer bulb to se if it gets hard and stays firm.
If it does turn out to be a carb at least you have isolated which one it is and can gofrom there.
If it does turn out to be a carb I would reccomend to rebuild both of them since you are tearing into it.
If it turns out to be a pump rebuild kits are available also.
I have a 1978 115 so a little familier with what you are doing, please feel free to ask any questions, enjoy n be safe,WAV.