Once again big daddy ( US Gov't) tells the manufacturers that there engines must be designed to run on 87 octane fuel, same with autos. Many mfgrs will state there vehicles are designed to run on 87 octane to meet gov't requirements....but actual performance will be better using higher octane fuels. One company is Fiat, they advertise X hp and 40 plus mpg with 92 octane...but when using the gov't recomended 87 octane fuel thevhp dropsvand fuel economy drops to 35 or something mpg. Volkswagon does the same thing !!
I recently bought a 1992 Merc classic 40hp OB , after much research the findings are...it will perform on 87, but on some Mercury forums old posts from way back the mfgr recomends a min of 91 octane for best performance. According to a Mercury letter sent to mechanics, posted by a retired Merc mechanic the V6 performance engines required 93 octane, but the original owners manual claim they are designed to run on 87, however, performance and improved durability can be gained by using 93 octane !! Not sure how much has changed since then, but I would have a serious conversation with a factory Merc service tech and see if any behind closed door recomendations are needed....