This thread has the pictures and explanation of which marks are what.
http://www.speedwake.com/upload/showthread.php?s=&threadid=56002
The 7.4 may or may not have the marks on the balancer.
If your 7.4 is an EFI/computer controlled motor, you need to put it into service mode, which requires either a scan tool, or a Merc jumper switch. You can also jump the correct 2 wires, but off the top of my head, I can't remember which 2 it is.
http://www.speedwake.com/upload/showthread.php?s=&threadid=56002
The 7.4 may or may not have the marks on the balancer.
If your 7.4 is an EFI/computer controlled motor, you need to put it into service mode, which requires either a scan tool, or a Merc jumper switch. You can also jump the correct 2 wires, but off the top of my head, I can't remember which 2 it is.