I've also got a 79 140HP Johnson v4 complete. it runs but not great. I think it needs carb work but I got tired of messing with it and bought one with DFI. I'd be willing to sell it for $500.
"Life is a matter of luck and the odds of success are in no way enhanced by extreme caution." - Erich Topp, German U-boat Commander, 1943.
When in doubt, set the hook.