1987 Mercury 150 xr2 issues.

[qvarner91]

So my 1987 mercury 150 is having some issues. When starting it for the first time it doesn't want to stay running. After it fires if I give it gas from the hot foot it runs. It'll do this until I let off the pedal. The entire time my beepers are going off as if the motor is not getting water. Impeller was just replaced last month. Once I get the motor to idle on its own I attempt to put it into gear and it falls flat on its face and dies. I did notice however today that once the alarm shut off the motor ran fine and would run like normal. Any of you mercury guys have any ideas as to what my issue could be? The carbs were just cleaned last month, new plugs and plug wires last month, fuel is fresh and has purple stabile in it, fuel lines were changed last month, impeller is new. Once it get it running good its runs like a brand new engine. Any help at all? Thanks

[Buccaneer]

Post this in the Mercury engines forum.

[alli ss]

Does it still have the idle stabilization module on it?

[qvarner91]

It does have the idle control module. The main power wire to it was stripped of the coating so I recoated it. Might replace completely?

[alli ss]

Be sure to mention that in the mercury forum. That was supposed to have been removed years ago any time it drifted into a shop

[igs65]

Might be your stator, I had an 86 xr2 that did exactly what you
are describing. That was the only problem I ever had with that motor and
it had a ton of hours on it