Welcome to the worst thing Mercury ever designed. That silly little hose off of the oil pump that mixes the oil into the gas is beyond all of the sensors that tell you if your getting oil. I have seen this happen many times and all with the same results, scored or scuffed cylinder walls and pistons. Straight gas will lubricate a motor enough .....at dead idle but at W.O.T. well maybe a few minutes until all the reside oil in the engine block gets washed out completely. Comprisson test may tell you how bad , but as for any kind of engine restore, I think about now that would be called a good tech, with a very good machine shop, sorry to say. Good Luck
Hitman



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