I have a 1990 260 overnighter with a 454 merc. I'm trying to diagnose my engine faltering at full throttle. If it doesn't fall on its face and sputter, it will rev up to 5000-5500 rpm and then rythmically drop 800-1000rpm. Up and down. The problem started in July and I've been trying things ever since with no luck. New items are: cap, rotor, plugs, wires, electronic pick up, coil, fuel pump, fuel filter, carb rebuilt. Engine seems to run fine everywhere except full throttle--good up to 4500rpm but the boat itself doesn't seem to move. The boat was a 40 mph boat, but now I can't get 25mph out of it. Please help. I don't have much hair left to pull out.