these are great engines but before you invest to much $$$ … do a compression test …something above 75-80 would be considered low but I have seen worse and these little kickers will make great trollers.
do pull the FW and check for cracked coils… all easy parts to swap condensers points coils wires it is all in the book below
https://youtu.be/ga1Cjymj6ms
this book contains all you need for oldies cheap at 20$ just download and print double sided …
https://watercraftmanuals.com/outboard/johnson/manuals/johnson-302231.htm
Joining AOMCI has priviledges 🙂