Made a post about this awhile back… getting into the restoration of this 1929 N1 Folding Sportwin.
I had an issue where it wouldn’t open up, it would just run at slow speeds.
Checked pistons while I was cleaning up the cylinders, and they seem to be OK.
Not sure what else could be holding it back. Carb has been gone through several times now.
Good spark from what I can tell.

In the photos, the powerhead is positioned in the “up” position, or how it is supposed to be installed.

"Shells sink, dreams float. Life's good on our boat."
1931 Johnson A-50
1950 Mercury KF-7
1951 Mercury KG-7
1956 Johnson JW-12R