Engine is a 1977 Evinrude longshaft, electric start, freshwater motor. It is used on a 24' pontoon on a 10hp limit lake. Not sure what propeller is but not the stock one but a heavy load version. When checked years ago motor topped out about 4500 RPMs.<br /> The problem is when run at WOT after about 5 min the engine gradually and almost impercipably loses top end RPM over about a 2 min time frame. It is almost as if the throttle cable is slipping but inspection by many pairs of eyes shows that not to be the case. Nor does the timing plate seem to move with respect to the throttle "roller". Once the motor slows down it seems to be run like it was on 3/4 throttle. It will run this way fine for "hours", also will idle and start well. If the motor is shut down for a minute or two and restarted the "lost RPM's" will not come back. If the motor is shutdown for an hour or so and restarted, then it will run WOT with all RPMs for about 5 min and then gradually lose them (guess about 500 or so RPM's) over a two min time frame same as before.<br /> This problem has existed for about 3 years during which many things have been changed with no observable effect on the problem. We tried another gas tank, another hose, new spark plugs, a new fuel pump, running with cover off (to cool electronics?), pumping the tank hose bulb, carburator rebuild kit (including a new high speed jet), and new water pump impeller. The motor seems to be getting the proper cooling water flow, a new impeller was tried sort of "what else should we try". Nothing appeared to wrong with the old impeller. Also removed and tested the thermostat (boiling in water pan on stove) and it seemed to operate fine. The thermostat was reinstalled. As I said the surprising thing was changing all this stuff seemed to have absolutely no effect on the problem. The motor has not had any ignition stuff changed. Like I said when it loses these RPMs it is a very gradual process taking about 2 minutes. <br /> Anybody have any problems similar to this? Any experience on what we should try next before we put it in the water (mid May?).