Once you remove the old tach from the circuit, put the fuse in and check out the operation of the other gauges.
If you do not blow a fuse, then you are right on about the tach.
If there is still an issue and if the gauges have blown the fuse since the Honda was installed, you need to check the overall wiring of the guages.
If you still have the Mercury trim gauge installed and connected, it will not work with the Honda (it is looking for different voltages). It may be a part of the problem.
The gauge wiring on most Trackers that I have seen goes through a larger connector, then to the Mercury or boat wiring harness. If the Honda was rigged right, you can leave the existing gauges wired together (normally looped from gauge to gauge). There are three main wires that you will need that come from the gauges to the wiring harness connector.....black, purple, and gray. There may also be a blue wiring going through the connector. That would normally be for the gauge lights. Sometimes they are wired to the nav light switch (so they come on when the nav lights are one), sometimes they are wired (jumpered) to the purple lead (ignition power). If they are jumpered, the gauge lights come on when the key switch is turned on.
There will also be another wire coming from the trim meter, if you have one. I will leave that out for now.
If the Tracker wiring was removed and a Honda wiring harness was used to each gauge, then disregard what I am about to say.
Disregard the gauge light wire and the wire for the trim switch for now....
The purple,grey and black coming from the gauges should be cut near the wiring harness connector so that any connection to them from the Honda will not feed back into anything else in the boat wiring harness. If they are still going through the connector and the Honda harness is tapped into the wiring...that is not good and you may have found your problem.
In the Honda key switch harness, there are 5 different individual leads with bullet connectors. (black, black/yellow, gray, yellow/blue, and light green/black)
It is easy to confuse what colors go where, since Honda uses a black/yellow lead for switched power (easily confused with black) If the black yellow is connected to a black lead, then your fuse will blow.
Back to the three wires...
The black from the gauges goes to the black in the Honda harness.
The purple from the gauges goes to the black/yellow in the Honda harness
The grey from the gauges goes to the grey in the Honda harness.
The yellow/blue lead in the Honda harness normally goes to the trim gauge.
These leads should in no way attach to the boat wiring harness, except possibly for the black lead (if you have a fuel gauge). Just to be consistent I normally keep the black lead separate from the wiring harness also. The pink lead from the fuel gauge will need to go through the boat wiring harness to get to the fuel sender.
I hope I did not just make things more confusing...after all, you did just ask me "what time it was" and I told you "how to build the clock".
The wiring diagram of the motor and wiring harness should help you trace things down, if you are comfortable reading wiring diagrams. There is one at the end of the owner's manual. If you do not have one, you can download one for free from Honda.
http://marine.honda.com/owners/manuals/models/BF50 Just find the right one by using the serial number on the mounting bracket of the engine.
Mike