Re: fuel mixture
As Chris says, stetsen, in 1964 OMC said that all 1964 and later OMC outboards are to run 50:1 and all pre-1964 outboards should stay with 24:1.
That announcement was marketing driven more than engineering driven. Actually, some models had been safe to run 50:1 for a few years before that and some were better off to stay with 24:1 for a few more years.
Most wrenches and gurus go by the types of bearings in the engine. If there are any friction (sleeve) bearings in the engine they recommend 24:1. Only if all bearings are frictionless (ball or needle) are they safe for 50:1.
Even those rules of thumb are frequently violated for years with no damage.
I don't know with certainty which category your big V4 is in, but I do know this with certainty: Oiling a 2 stroke is like watering livestock; more than is needed does no harm, less than is needed is probably fatal.
Based on that truth I recommend that you use a 24:1 mix until and unless you get a convincing argument for 50:1.
Good luck
