Re: OMC Guru's---Dhadley, Walleyehead, anyone....
Sorry I didn't find this thread sooner
Beg, Borrow or buy a DVA Meter and test your stator.
Another simple test is to draw out the spark to see how big a gap you can get.
The clues where limited rpm under load
yet unloaded you reved it significantly higher.
It takes serious voltage to bridge the spark plug gap at full load versus 'unloaded', the actualy cylinder pressures are totally different, more load AND more rpm = higher PSI which requires an increasing voltage to bridge the gap.
Most of these ignitions will throw almost 1 inch spark at high rpm
get the meter, prove your stator weak, then replace it.