Ok Cook, I got the wires off ebay you posted and installed them. Set the points again and put the armature plate and flywheel back on. I test ran the motor in a barrel before taking it out to the lake just to be sure it fired up ok. Had the spark plugs connected to the wrong cylinder at first and the motor made a popping noise when I tried to start it. Switched the plugs over and it fired up and was VERY high RPM while in idle- not sure why.
Took it out to the lake and ran it in gear... It opened up quite a bit more than before I changed the wires, I felt a lot of added power and speed for about 5 seconds of WOT, but right before I thought i was gonna plane out, the thing knocked out of gear into neutral and reved up sounded like it was gonna blow. After that it never got up to that same speed the whole day (albeit still noticeably faster than before the new wires). So I'm pretty sure i'm running on 2 cylinders but what could have happened here? My boat is a modified jon to bass boat and I used quite a bit of wood so the boat is pretty heavy, but i still feel i'm not getting 100% power from this 9.5.
Also, I see a lot of gas/oil floating in the water when I'm pulling the rope. Most of the time it starts up on first pull but if I have to pull 4 or 5 times i see circles of gas/oil coming to the surface.. (is this normal?)
What should I be looking at next? I really appreciate all the help as this thing hasn't run this good in 5 years, hopefully I can get a little more speed out of it through your guys knowledge and experience