Re: 1977 Johnson 70 hp
been like this since you got the motor? how long?
Any other symptoms? cold start, warm start ok?
When it dies does it immediately restart?
What recent maintenance has been done to the motor?
Is the fuel fresh?
Tank free from water/debris?
Spark plugs -- are they Champion QL77JC4 gapped at .030, in good condition?
What's your idle RPM?
Can you get it to run full throttle? If so what's the RPM?
Not sure what "settings" you mean.
Do a compression test and spark test (not a "spark plug" test): get an inline spark tester (couple bucks at autozone), set the gap for 7/16", clip it to the engine block, attach the plug leads (one at a time) and look for a strong blue spark while cranking. If it can't jump a half-inch gap in the open air without a spark plug, it's not firing in the hole under heat & compression.
Report your results.