I just bought a boat with a 1975 Mercury 850 (85hp) on her tail and recently it started slipping it seems. At low throttle it runs fine at a low speed of course, but when you throttle up and remove your hand from the lever it starts to speed up. Once it gets to a certain point the boat slows and the RPMs skyrocket. I don't know a lot about motors, but I do like to try to work on things myself. It almost seems like when it tries to get into 2nd gear (if they work like that) that it's not catching. Again, low speed at low RPM is O.K.