Re: Sears "Ted Williams" 7hp wont rev out...
A model number would help;also is it on a remote tank?
Probably built by Eska.Aircooled power head with a water cooled exhaust leg.Does water mist out the relief holes on the leg? I would suspect a fuel supply problem If remote tank squeeze the primer bulb.If it helps suspect the fuel pump element in the carb.In my opinion these vibrate,are noisy under powered and finicky.Not worth much investmebnt in time or money.
Try to get it to run best possible without too much investment if you like it keep it otherwise sell it and put the money toward a OMC 5,5.5 or 6 hp.
Reliable, smooth easy to repair, excellent parts availability all the way back to the early 50s.