I have been given a 1975 85hp Mercury that looks like new. I pulled the cover off and some of the wiring looks like it has rotted. The insulation from the two wires coming from the stator and a ground wire from the starter to the powerhead has crumbled. The wiring on the side electrical plug isn't so great looking either. My uncle says that it ran just fine when he last used it 7 years ago. Is the motor worth repairing and any ideas about the rotting insulation and wiring.