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The 60 Merc 2 stroke, from the mid-80's until 1997 was built with Merc's 3 cylinder 51.8 cube (849 cc) block.
Over that time frame the block was shared with (sometimes) the 40, 50, 55 and 45 Jet models.
In 1998 they began using a larger 59 cubic inch block that was much better suited to producing 60 horses than the smaller displacement previously used.
So the 1998-on 60 horse has a little better torque band (at the lower end) and has a longer "life expectancy" than the earlier models.
Anytime your horsepower is greater than displacement you start shaving years off the motors life.
Having said that, the ealier 60's were still a very decent motor. They had great carbs, Thunderbolt 4 igintions, and "headless" Yamaha built (only for Merc) blocks - nice motors.
These models did have very (high) gears. At 1.64:1 the motor really is meant for a "lighter" boat - 1.83:1 would be "standard" and 2.3:1 would be found on "bigfoots" designed to push pontoons or fiberglass jobs.
As to performance - compared to what? and hangin' on the back of what?
If the motor is matched to the boat - what I mean is, for any given boat to perform "as designed" it must be powered by at least 80% of it's max horsepower rating.
So for example, if the boat is rated for 75 horses max, then 75 x .8 = 60 horses is the minimum for that particular hull - if the hull is rated for 100 horses, with a 60 it will significantly "under perform" and burn more gas doing so.
If it was "matched", the 60 should burn about 6 gallons (23 litres) per hour running at wide open throttle and about half that if you throttle back to about 4000 rpms.
On a 15-16 foot aluminum fish/ski, with a hull weight of about 1000 pounds or less, you could get close to 40 mph out of this motor (the max the hull is capable of).
On a 20 foot 'toon I would be surprised if this particular model could "bog it's way" to 15 mph - so again, really depends how you intend to use it...