BYG...you would be amazed at what these little two stroke wonders we have on the back of our boats will do. Essentially they are just big air pumps. RPMS do not effect them quite like their four stroke counterparts....although you can still overrev easily...just not as easily as a four stroke.
As said before, you MUST be propped right. I know you do not have a tach on that engine...if you had access to a timing like you could check it.
Do a search and find the RPM range of your motor....there should be a chart out there somewhere. You may have to try to find a manual for it. A seloc or clymer MIGHT tell you the different size props for that engine. If not....and you want to keep the engine. I recommend going to Kencook.com and buying an actually OMC service manual. Will have EVERYTHING you will ever need to know about this engine.
I would say with that boat you will want to be at the upper end of your rpm range with an average to slightly above average load. This will keep her under wraps for you. I know its a crap shoot on an older and small motor because of lack of info and no tach...there are ways around this though.
As said before...NO motor will last forever at WOT...although seems like I can take care of my engine to the fullest..and you see joe blow with a beat up old merc or johnny rude that hasn't been serviced in years get the mess run out of it...started out of water...run up on stuff...and she just keeps on purring like a kitten!! lol...I never have those!
"But if serving the Lord seems undesirable to you, then choose for yourselves this day whom you will serve, whether the gods your ancestors served beyond the Euphrates, or the gods of the Amorites, in whose land you are living. But as for me and my household, we will serve the Lord.” Joshua 25:15