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my grandma has a 90 hp boat on a 15 ft fiberglass boat, which usually gets about 25mph so ur doing good compared to my grandmas boat
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somethings wrong there. YOu should be doing low to mid 40's.
As for the merc, congrats.
That 2 stroke probably coulda been fixed up with a simple carburetor clean, decarbonizing, and new indexed plugs.