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Get puller and pull the flywheel points are under there. A few scews and they come out the comdencer is the round thing with a wire coming out. You will need to gap the new ones, snug the screws use a flat blade screw drive and open or close till your filler gauge moves with a little resistance...

I just went through the same process with a 35hp. I replaced points and condencer, fuel pump kit carb kit all line fuel and vacumm under the lid lower gear oil kill switch and choke lever. Got about 350 in it now and it runs great, a little paint and pin strip and letters here is what it looks like.

Make sure the carb butterfly is opening to full throttle. I had the same thing on my 76 35hp someone in the past had adjusted the linkage so it only got about 20 percent throttle.

Ok I am Canoejon had creat a new login under the wife forgot password. Anyway thanks for the suggestions I opened the carb. again found nothing. But when installing again I found a piese of linkage someone jacked with and basicaly took full throttle away. Everything works starts runs like a...