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It won’t climb in RPM due to the load it is under when you are plowing you way through the water. What does you prop look like? Is the boat new to you or did it just start happening this year? Have you done a tuneup this year, messed with the timing? I’ve had boats run fine under no load and put under load (in the water and in gear) they struggle. Had a carb that needed a rebuild as the jets weren’t working well. Have experienced a similar issue when the timing was off, but your timing should not be off unless something was messed with. Is it possible the boat was overloaded with gear and people?
Thats an old black Max oil injected. Owned Merc's since the 70's. Grew up in an outboard shop and have worked boat insurance claims for 27 yearsMy idea in order 1) Stator, that is likely what the "fire" was Merc ran a much hotter ignition back then that OMC2) bad Coil. Get welding gloves and removed on plug wire at a time until you find the bad coil2) Bad primer bulb or hose Run it on a separate remote tank and get some fresh non Korn gas