I have a 1999 Mercury 50hp Bigfoot 4-stroke outboard(carborated). The motor is on a Myacht 35ft houseboat. While running the motor at WOT(3600rpms), the power dropped instantly to about half. Could only get about 2000rpms at WOT. Mercury mechanic checked the following and found no problems: ingnition timing, spark plug wires, replaced spark plugs, electronic ignition and checked compression. Also, I connected a fresh tank of gas to rule out the possibility of water in the built in gas tank. I also squeezed the primer bulb while under load & had no change in power. The engine idles and revs up okay while in neutral, but when under a load it has no power and misses alot. Could this be an electrical problem of some sort? What is the switch box I hear everyone talking about? Could the motor be going into some electrical failure only when it is engaged into gear? Any solutions would be appreciated.