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Oil smoke and oily residue in tank

pete646

New member
I have a 1989 Johnson 25 hp electric start that smokes and leaves a oily residue in the tank we run it in. So far we replaced the water pump,all the ignition parts, rebuilt the carb. The compression is 110-115 on both clys. Fuel mix is 50-1 new fuel. Lower unit is ok it does't leak. I need some ideas on what to look for next.Thank You for any ideas PETE
 
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