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Yes you have to pull the powerhead .-----Some would say " is that ever dumb design "----My self I would say " brilliant " as this shift shaft arrangement can NOT go out of adjustment.------------And check for spark that will jump a gap of 1/4" or more.--------------Also you can remove the inspection cover on the flywheel.-------------You will find 2 newer coils or 2 that need replacement.-------------------Wonderful motors they are if it has been looked after !!--------Overhauled a 62 model a few months back and it will run like new once done.
Sorry, I am not there to assess your motor.--------I know them inside and out. ---Can overhaul top and bottom without a glance at any manual.-----Does the spark jump a gap of 1/4" or more on both leads , yes or no?----Does primer bulb go hard , yes or no?-------Have you checked compression ?----The original head gasket had a habit of blowing out between the cylinders.----------Replacement gasket is a better quality
You mean J6C the correct plug is a J4C champion. Always take some spare plugs and tools out with you they are prone to fouling with alot of slow speed operation.
How does one decarb one of these?
Remove the carb. Disassemble. Soak & clean. Replace standard parts with an OEM Carb Kit.
IIRC, that motor is a "spitter" with regards to the water exit, as opposed to a "pee hole" like some later models.
Also, REPLACE those plugs wires. It's easy to do and will help you avoid some serious headaches in the future.
Note: I have a 1966 9.5 HP that will not stop. It's an incredibly reliable motor. Yours should be also.
CMOS
I have been looking for a carb kit and plug wires. Do you have a source? I hear these things run for ever.
I also noticed a lot of carbon on the pistons. Anyway to clean that?
Go here for your model motor: http://www.marineengine.com/parts/johnson-evinrude-parts.php?year=1964&hp=5.5&model=5402B
CMOS
Just a few thoughts...I believe the recommended gas oil ratio for 1964 and later is 50 to 1....a 24 to 1 ratio will build up excess carbon and foul spark plugs. Use only TCW 3 0il. The correct plug is a J4 but not if you run a 24 to 1 mix. You mentioned it doesn't run well at low speeds but that you have not touched the mixture knobs. The first thing to do would be to adjust the low speed mixture knob until it runs properly.