I did the same about a month ago ... '76 Mercury 1150. I was surprised at how much smaller gauges were used on the new harness - but it looks a lot better under the cowling, now. All of my old wires had faded/rotted into the same color - they were all grayish brown, except the blacks. I was amazed, too, at how differently the exact same part was priced. I paid $95 + extra for overnight shipping. It arrived the next day & I was wired up in half an hour. The only trouble I had was getting to one of the bolts that holds down the starter solenoid. It was so close to the housing that I couldn't squeeze my socket between the top of the bolt and the housing.
I will be ordering a new boat harness this winter - who knows how many times mine has been spliced into for various reasons.