I have a 1976 Merc 1500.Took it out yesterday, started fine an ran great all day but i noticed water dropping out of the spark plugs sockets from the start. What is causing this to happen?
I have a 1976 Mercury 150 hp #1500. It runs fine at low speed (10 miles per hour). Every time I try to accelerate it starts to go and then suddenly feels like it slips out of gear. Any idea on the problem