Quick silver

joy stick is for trim tabs, sounds like the button is for trailer position on out drive trim. make sure you don't have the shifter in reverse when you try to trim it. Does the motor sound like its spinning real fast? you can add trim fluid (10w30 oil) and see if it helps. Spray some CRC or WD40 on the rams, have some one stand on them while you trim the drive down. Let us know how it works
 
joy stick is for trim tabs, sounds like the button is for trailer position on out drive trim. make sure you don't have the shifter in reverse when you try to trim it. Does the motor sound like its spinning real fast? you can add trim fluid (10w30 oil) and see if it helps. Spray some CRC or WD40 on the rams, have some one stand on them while you trim the drive down. Let us know how it works
you guys will be the second to know, me being the first, LOL. I have some experience with trim on an I/O. The motor sounds like it's putting the outdrive down and then changes pitch as if the outdrive has gone down or reached the bottom. Don't know if I am explaining right or not. As I said I will take some pictures and post it.​
 
I think I have it figured out and I bet you guys know exactly what it is. It's a quicksilver mercathode monitor, it is connected to the anodes on the motor. I think the button is for testing. You connect a volt meter it and can tell by the reading if you need to change the anode or maybe assist with the corrosion inhibitor?
As far as the trim goes, I checked for all the stuff you people had mentioned and nothing looked to be holding the drive from going down. So I got frustrated and just held the down button while looking at the trim indicator, it was bouncing back and forth for about 1-2 minutes and then grabbed and went down. All the lights work and the bilge. The only thing that does not work is the radio.
I took some pictures to post but they will take up to much space, new camera I still have to figure it out. I will posy the pictures as soon as I can get the size down, like they say size matters.
So I'm in business and will be out on the water soon so watch out for the crazy canuck.
 

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