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 gas. I also squeezed the primer bulb while under load & had no change in power. The engine idles and revs okay while in neutral, but when under a load it has no power and misses alot. The mechanic says there is no problem with the motor, but it's obvious there's something wrong. Any suggestions would be appreciated greatly!