Re: 1975 merc850 bottom plug,#4 cylinder is white?
A like new plug might indicate water getting into cylinder while running, or cylinder not running at all.
Apparently some blocks can crack around the porting under the side cover and ingest water.
Some times it happens, yet has little or no effect on the way it runs. But water in the cylinder can be bad and cause corrosion. If real bad, you might actually see a droplett of water on the plug when removed.
Of course that's not an absolute, and there could be other reasons such as extreme lean condition from a failed lower seal, or an ignition issue not allowing the cylinder to fire properly. But if the cylinder is dead it will become apparent pretty quickly as you throttle up under load.