Re: Need help 50hp 1971 evinrude hydro electric.
The first cylinder that you pulled a wire for is firing, while the second one is not. When operating the engine in neutral, there is no resistence and the motor will "rev up" freely. When in reverse, the throttle travel is limited, so you might not notice a dead cylinder there either.
I don't have a manual for your motor but can point you in the right direction. The 1971 50 hp engine has magneto CD ignition in it. The major components for the ignition system are the stator, the timer base, the powerpack, the coils, and the spark plug wires.
When less than all cylinders (two in your case) have failed to fire, the stator is usually not the culprit. I would suspect a bad sensor coil in the timer base, a bad powerpack, a bad coil, or a bad spark plug wire.
The first thing I would check is to see if the spark plug wire is loose at the coil. These leads screw onto a threaded post in a recessed cup on the coil. They sometimes loosen over time and back off of the post. If this has happened, remove the wire, trim a small amount (no more than the length of the post) and screw back in. You can also put a bead of silicon at the wire/coil junction too.
If this is not an issue, check the boot end of the wire. Original OMC wires have a coil type clip inside of the boot, which makes contact with the plug. The clip connects to the wire by piercing the end of the wire with a "spike" on the end of the clip. This is done before the boot is installed on the wire and if not done correctly, often doesn't stay in place.
Next on my list would be the coil involved. An easy way to check a potentially bad coil is to swap it with another coil that is known to be working. Since you only have one other coil, just swap the two. Be sure to get the leads to the powerpack switched too. If the dead cylinder changes to the one that was previously known to be firing, you will know that you have a bad coil.
There are some simple ohms tests that can be done on a stator and timerbase, but I don't know the correct values for you motor. My guess is that they are the same as my 1972 Johnson 65hp motor, but I can't be sure. You might want to invest in an OEM manual for your motor, which will have this information. I wouldn't bother with generic manuals or web page derived info that is generic, because every one that I have ever seen is wrong for the first "editions" of the magneto CD ignitions.
In the mean time, try the things that I suggested and see what happens. If you don't find the problem, we'll take it from there.