I am trying to figure out a problem I am having with my early 90s Mercury 40 hp 4 cylinder outboard. The motor starts fine when it's cold, runs fine through out the RPM range, but is hard to restart. After the engine has warmed up and I have rode a good distance, I shut the motor off, it is hard to restart after setting for 10-15 minutes. I had to pull up the fast idle and let to rev up for a few minutes before I can lower lever and take off. When it does this the exhaust is very rich, and a lot of smoke, then it clears up and it runs fine. I noticed there seems to be a lot of oil that is dripping from the bottom carburetor, the cowling had a puddle of oil under the carburetor, blue and looked as if it just came out of the bottle of oil. The engine "does not" have the oil injection system anymore, I am running a 50/1 mixture in the fuel tank. I was looking at the idle mixture screw on both carburetor, the top is only 1/2 turn counter clockwise and the bottom is setting at 1-1/2 counter clockwise.
Stuck float?
Adjustment?
Stuck float?
Adjustment?

