I have a 1985 Mercruiser 3.0L, 181cid, 140hp stern drive engine. It just went through a complete rebuild. The first few trips ( almost 90 miles) were uneventful. Today, I went out with the family and 15 minutes into the trip, cruising at approximately 27mph and 3500 rpms, it started surging badly, I lowered the rpm's to approximately 1500 and it evened out but no longer on plane. Every time I tried to plane the boat, it would bog down. I also noticed when I finally got it to 20 mph or so, every bump or wake I hit would make the engine surge again. I am sure the fuel filters are good because they are brand new and I checked them before I left. I did notice some slight dry rot on the rubber diaphram inside the fuel pump from sitting for a season. The carb is rebuilt but is still a suspect. I am leaning toward fuel pump and/or carb. Any input would be greatly appreciated.