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You are going to let the dealer do the 1st start and setup, right? If not MERCURY can deny your warranty later on if you have a problem if no PDI is on file for that serial number. It used to be they weren't even allowed to sell you an engine without actually putting it on the boat.
I contacted Mercury Marine to ensure that the lack of a PDI would not affect my warranty, from Mercury:
Mercury does recommend having a PDI done. Especially on larger motors. However, your warranty will not be effected as long as any warranty claims were a result of no PDI or rigging damage.
Certainly hoping that there are no issues during the warranty period or otherwise but at least this indicates that the warranty will be honored. If something does go wrong I hope they don't try to blame my installation and rigging skills, which I consider better than average!
Having worked with warranty in a dealer, you would be surprised how much can get blamed on the pdi. If a bearing goes, all they have to say is incorrect lubrication during initial startup, and you now own a paper weight. Not trying tobe a buzzkill, but I've seen this done to people before.