I have a 1963 Johnson 40hp on a '61 SABER 14'. It starts and runs good, until it warns up. When the choke is opened it bogs down. Runs from idle to half throttle fine, low speed adjust react, choke works on auto or open. Go past half throttle and it bogs down and will die, pull the choke lever to closed and it will run to 22 mph. The longer it runs the slower it start to go. after about 20 minutes, it's down to 6-8 mph wide open. I figure this is due to spark plug fouling, they turn black and appear wet when removed. My first idea is blocked exhaust, put 3oz. of carb cleaner in 6 gals. and ran for 30 minutes, no change. Have checked carb. high speed jet is clear, needle/seat new, float good.