Re: HOW OLD IS MY JOHNSON SEAHORSE
Absolutely, if you're handy with a wrench. The first order is to get a hold of a service manual. Try to get the original factory one. You can often find them cheap on ebay using these search terms:
(50, 50hp) (evinrude, johnson) manual 1971
Some say they only ship to the US but it's been my experience that if you email them and tell them you understand shipping will be higher and that you'll be responsible for any import duties, they'll only be too happy to let you bid on them.
Parts are kind of pricey in the UK, but there are some options. I've seen a few places online that sell aftermarket parts that are located in Denmark and France with fairly reasonable prices.
It's also very important that your engine be set up to turn the correct RPMS when you're at full throttle. Aim for the very high end of the RPM scale with an average load.