That’s possible. I haven’t replaced the condensers, but I did find that there was a slight oil slick on the underside of the magneto rotor, which makes me question an old fuel leak or a bad top crank seal. I will try condensers first. It has the Bendix Scintilla mag, and it was running poorly on one cylinder for awhile, and then I cleaned and reset the points.
The only other question I would have is the fact that it ran great for 10 minutes or so before the backfiring started. It was like a switch flipped, rather than a slow change.
"Shells sink, dreams float. Life's good on our boat."
1949 Mercury KE-4
1952 Mercury KF-3,-5,-7
1952 Mercury KG-7Q
1937 Evinrude Scout
1938 Elto Pal
1946 Evinrude Ranger