Re: Can soime post a pic of where the water is suppose to exit on a 78 merc 150 In6.
Water will exit the grates above the antiventilation plate(above and behnd the prop), thru the prop, and maybe thru the square exhaust relief holes at the base of the powerhead.
It also should exit the telltale, however, these clog easy.
BTW - The last year for an inline six Merc 150HP motor was 1977. They have no thermostat, so water will exit almost immediately.