Old Mercury 50 HP Help

Well now I can get a charge coming off the engine (wasn't putting any amperage/voltage back to the battery before) but didn't fix my WOT problem. Seems like the motor just dies out when I give it more that 3/4 throttle. Fast idles great, idles warm ok but when under power it dies out as the throttle is applied. Any other ideas? Could this be a timing issue? Trigger checks out, coils/stator/plugs/rectifier all replaced. Carbs cleaned, fuel pumps redone. What am I missing?

-Svence
 
Also does anyone know if I can test/eliminate the switchbox or is it just a last resort replacement thing?

-Svence
 
Another dead end...just tried to do the timing and found #1 to be firing 180 off from where it should be. #2 was firing when 1 should be and was in spec for the timing degrees. Double checked every wire on there, stator, trigger, switchbox, coils, etc. Even pulled the flywheel to make sure it wasn't put back on wrong and everything checks out okay. WTF?!?!?!?!

-Svence
 
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