I know this is an older post but if you dont have an answer yet, maybe I can help.
I as well have an Evinrude. Mine is a 1966 Fastwin, 18hp. I am new to outboards completely. I have had a lot of assistance from other members. This is what I have learned.
I lost all power a few weekends ago. So that started my troubleshooting. I had 60 psi of compression in one cylinder and 45 in the other. I pulled off the cylinder head and had it machined. It was warped!! the guy ended up taking 4,000ths off to make it true. I replaced the gasket, and placed the head back on and I now have 120psi compression in each cylinder.
I was also having some other issues with the motor and I have recently removed the flywheel. Why, you ask? In order to get to the coils, condensers, points, etc, you have to remove that flywheel.
Do not use a "jaw like" puller for removing that flywheel.....you'll damage the wheel. Instead you will want to use a Harmonic Balancer Puller. I just picked one up this past weekend at the local auto part store. It was like $17. that did the job perfectly. You will want to buy (3) 3-4" grade 8 bolts to use rather than the bolts the puller comes with. Grade 8 is a lot stronger. Once you pull the flywheel off, you can check the magneto