"Sitting for that length of ti
"Sitting for that length of time, the carburetors would be fouled. It would be necessary to remove, clean, and rebuild them.
The wiring.... Best to remove the wiring harness, lay it on a piece of plywood with nails arranged so as to have the harness bent to its proper shape, then redo the wiring one wire at a time, taking your time to solder each terminal exactly as it should be. Finally electrical tape the harness to resemble its original new condition. Yes, I know it's time consuming.
The lower unit demands what is called "Premium Blend" gearlube, also known as "Type C", available at your local dealership.
(Hydro Electric Shift)
(J. Reeves)
The shifting setup of the lower unit is what's called a "Hydro Electric Shift", which is quite complex consisting of voltage being applied to solenoids in the lower unit which in turn change oil passages via a oil pump that supplies various pressure on a spring loaded shifter dog. The wires leading to the lower unit (at the powerhead) are "Green" and "Blue". The engine must be running or cranking over in order to shift out of forward gear.
You CAN NOT use HI VIS lube in that lower unit. You MUST USE what OMC calls "Preminum Blend" lube, commonly called "Type C". (A thinner lube)
In neutral, you need 12v to the "Green" wire.
In reverse, you need 12v to both wires, the "Green" one and the "Blue" one.
In forward, there should be no voltage to either wire. (The spring loaded shifter dog forces the unit into forward gear)
To check the lower unit for proper shifting to make sure you have no trouble there, remove the spark plugs to avoid problems and to allow a higher cranking speed.
This next step eliminates the actual shift switch in case problems may exist there.... Disconnect the blue & green wires at the knife connectors (the rubber insulated boots) leading to the lower unit at the powerhead, then using jumpers, take voltage direct from the starter solenoid to apply voltage to the "Green" wire for neutral, then both wires 'Green" & "Blue" for reverse (Remember the engine must be cranking over in order to shift).
With no voltage applied, the unit should be in forward. No need for a ground jumper... the lower unit's already grounded. You may crank the engine with the key switch or by energizing the starter solenoid with a jumper wire.
Before putting any investment into that engine, make sure that it has compression and spark.
(Battery Capacitance Dischage Powerpack Test)
Various OMC Engines - 1968 to 1972)
(J. Reeves)
Purchase a small 12v bulb at your local automotive parts store (the 12v bulb is to look like a flashlight bulb, not a headlight bulb). Solder two wires to that bulb, one to the side of the bulb (ground), and the other to the positive point. You might use a bulb of a somewhat lower voltage to obtain a brighter glow... just a suggestion.
Remove the spark plugs. With the key in the on position, make sure that you have 12v going to the pack at the terminal block (purple wire). Now, connect the ground wire from the bulb to any powerhead ground. Connect the wire from the positive point of that bulb to the powerpack wire that is connected to the coil wire on the terminal board (blue wire).
Crank the engine and observe that bulb closely (CLOSELY!). If that bulb glows even the slightest bit, the powerpack is okay. It may be a very dim glow... just so it glows! If it doesn't glow, the pack has failed.
Keep in mind, that type powerpack (Battery Capacitance Discharge) demands a top notch battery of at least 70 amp hours. Any less will, in time, cause powerpack failure."