"David, sound like classic fue
"David, sound like classic fuel problems.
So if the gas is new (less than 2 weeks old) and the sparkplugs are less than 2 years old and not fouled, troubleshoot the fuel system.
The crappy cold start/poor idle could be related to a bad thermostat, but more likely a clogged fuel filter or partially clogged carbs.
I would inspect/replace the filter as necessary and then try running some of Merc's "Powertune" or SeaFoam through the system to see if it's just carbon/general "cooties" in the system, but if your symptoms persist the carbs need to be pulled, disassembled and cleaned - and possibly rebuilt.
Additionally, the stalling when backing off could also be related to restricted low speed carb jets or a clog in the float needle valve(s), both of which would be corrected with a carb cleaning/rebuild..."