Re: '98 Merc 115; Backs off at high speed
You need to determine if it is caused by the fuel system or ignition system.
An inductive timing light may show a lack of flash if the spark is dropping ona cyl, you will have to repeat the test on each cyl. Rig the light, run the boat til it happens and watch the flashing, change to the next cyl, repeat. If any failure then start testing igniton per directions in the CDIElectronics Ignitioin Troubleshooting Guide.
A failing fuel system, fuel pump dying, air leaking/sucking into the hoses between the pump and tank may cause iintermittant problems. Disconect the fuel line to the carbs, point it into a suitable container, crank the motor and observe the fuel stream, it should be a strong pulsed flow the diameter of the inside of the hose, pulsing out a couple of inches from the hose.
Temporarily install a clear hose between the puymp and carbs, run the motor and watch for any air bubbles passing thru, indicating air sucking into the system.