This is a 1975 50 HP 500 serial #414371. Im considering buying this motor but am not familiar with Merc's. Considering the following symptoms, any ideas on what might be wrong and how involved is the fix?<br /><br />"The lower unit needs new seals and the engine seems to be getting water into the lower two cylinders. I have replaced the upper and lower exhaust gaskets, rebuilt the carbs and re-worked the wiring. It starts but does not have any power and requires the spark advance lever in the up poition in order to keep the motor running. I have not messed with it for over a year."<br /><br />He also gave me Compression #'s of<br />#1-118 psi 2-115 psi 3-115 psi 4-115 psi.<br /><br />Thanx for any help/advice you can offer.