I have a 1988 Oliver 17 ft with a 1988 Merc 3.0L 130HP. Since we bought it last year we have been unable to achieve WOT under load....can get 2800 to 3000 RPM even after dropping to 17 pitch prop. In neutral can get 4500 RPM no problem. Two different mechanics had the boat last year and after $1500 there has been no change. They checked for exhaust restriction, rebuilt carb, drained and replaced gas, found cracked head gasket and planed head, checked lower unit.<br />We've relaced plugs, points, wires, cat, rotor, condensor and coil. We checked and adjusted the timing to 6 degrees on idle today and confirmed that it is advancing with throttle but we had a heck of a time as the timing light had trouble detecting the spark from the spark plug wire. We were able to get the light to fire only if the pickup was right close to the distributor cap. As you moved the pickup along the wire away from the cap and closer to the plug we lost signal to the timing light. It was this way on all wires. When we looked at the spark on one plug, it appeared to barely spark. Also getting a raw gas smell in the oil (unburned fuel from cylinders??). Any ideas what would be causing my low spark and would this give me low RPM's on load??