OK guys, so, after buying a compression test gauge and an open spark test kit. Here are the results:
Compression on both cylinders is right at 90 so I think I am good there. I did notice that the head bolts were not torqued so I torqued them back down to specifications given. The open air spark still indicated nothing. I removed the flywheel to inspect the stator assembly which "looked" pretty good. I began going through every wire I could possibly find and noticed (3) three wires coming from the control box to the double coil set which were melted through just enough to barely see wire on the under side of the wire. After all I have done and looked at, I thought I found the issue however, after repairing these wires, I still have no spark and considering what I know about outboards (nothing), I believe I am down to the stator and/or the coils. Tell me what you guys think and let me know if there is a way to test the stator and the coils but please keep the verbiage simple. If weighed and measured on outboard mechanical knowledge, I would be found wanting.
Much thanks to all