Just had this problem. Not sure if its fixed completely because its only been out a few times last weekend.
What I did was load up on spares and long jumper wires and go out so I could troubleshoot while it was happening.
FUEL SYSTEM
After installing a Fuel Pressure Reg, I saw my fuel pressure would drop to 3psi IF I accelerated. You NEED to watch the gage as it stalls. I rerouted the fuel lines so it was as short as possible and it acted much nicer. (cut out about 10 feet) Still think my electronic fuel pump is weak so I have a spare.
I dumped a bunch of Tachron in my carb, tank and fuel sep the night before I went back out. My carb is 6 months old.
IGNITION SYSTEM
Because I don't believe in ghosts, I added a ground wire directly to the distributor body. Not sure if it was a problem but I read power at the coil and a coil swap made no difference. That lead me to believe it could be a ground issue because my ground terminals are corroded as hell.
My distributor was replaced with a new Pertronix unit. Problem remained until it magically disappeared
I had my timing light hooked up to the coil wire so I could see if we lost spark when it sputtered. Once connected, the ghost went into hiding and I never got the chance to use it. If you have voltage to the coil and the timing light stays pretty much on when lugging out, its a fuel thing.
I also made a jumper wire to my battery in case I was dropping voltage. My tach is disconnected to remove that part and if power was getting cut, I was going to jump to the battery and see if that made a difference. If it did, I'd check the panel wiring.
I don't believe it's totally gone on my end but I can't be sure until it happens again. I'm as ready as I can be right now for a holiday weekend let down.
Get out there and enjoy the wonderful world of boating
