Greetings, This morning my 1993 60 hp Merc (Model 1060412PD) started doing the pulsing oil level warning even through the oil tank is nearly full. I removed the magnetic sensing switch and found that it appears to be working properly (normally open, but closes when a magnetic is near). Whether the tank is full or empty, it is closed when the tank is in its normal postion (upright). When empty, if I turn the tank upsidedown, it opens. <br /><br />I assume there is a floating magnet that is of such intensity that it activates the switch when a certain distance away. It looks like the magnet is no longer floating. Is this a common problem with Mercury motors of this vintage? The only solution (other than disconnecting the sensor) is to replace the tank? I tried tapping it while empty in case the magnet moves on a post of some sort and was stuck -- no joy. <br /><br />Can anyone provide any suggestions? Thanks in advance!<br />