Check for a strong spark at each cylinder. Meanwhile NEVER NEVER rev an outboard to high RPMs in neutral or out of the water. Its a very good way to kill yourself.
I have a 1996 115hp mercury tracker motor. It will rev up to 6000 rpm's when in neutral. When I put it in gear and take the pontoon boat out it will only rev up to 3000 rpm's. What could be the problem?