Re: rejetting for altitude
I assume you're talking about Fish Lake Utah.
I'm not any help on the Merc outboard as I've never dug into one, but you need to swap out the main jet, that should be it. I've had 2 different engine's I've tuned for that elevation and you are going to need to jet down about .004 to .005. (IE; if your main jet is a 55 go to a 46 or 47) my I/O had 60 mains and I went with 55's. I didn't have to change/adjust anything else, just swapped out the main jet(s). Oh yeah, I did swap props like you have all ready done.
Go to crowleymarine.com and look up your outboard in their parts catalog, it should give you some indication of how to get to the main jet and what P/N to order for the proper high altitude jet. On my Force outboard I have to remove the carb and drop the bowl to gain access to the main jet, pretty simple 30 minute job.
Hope that helps,,, even though it didn't answer your question.