Re: 1978 Mercury 70hp 700 series thunderbolt
I have a 78 70HP. In order to get it to have good throttle response out of the hole, I have to have the idle screws backed out to the richest setting that will idle properly. I believe the manual says to start at 1 1/2 turns out. At that setting mine idles great, but will not accelerate and get on plane. It simply dies out and you have to go back to trolling. I believe that I'm closer to 1 3/4 turns out. It idles rougher, but still idles at 800 RPM in neutral and will jump right up from trolling to on plane with no hestitation when the throttle is hammered. Its best to play with that on the water. Without dropping the shroud.
This assumes that the carbs are clean, the floats are set right and the link and sync has been done properly. A plugged main jet in one of the two carbs will also cause this problem. Since it has two carbs for three cylinders, one will be running great, the middle will run OK, and the third will not get any fuel. It runs OK off plane but will not accelerate to plane speed. The main jets are inside the drain plug on the carb.
An added fuel filter, even a cheap lawnmower filter between the semi-worthless filter screen and the carbs will keep junk out.
Hope this helps. Its a good motor when running right. I believe it is the lightest 70HP ever made.