I have to agree with you, but keep in mind that the newer synthetic oils don't gum up engines like the old stuff did, even if it doesn't burn well.
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Might have seen worse. But ultimately even the older engines benefit from using TC-W over regular Two stroke ( even synthetics). Unless you're good with small engines, and can check, inspect and clean your ports, carb, etc....it's ultimately cheaper in the long run to just buy TC-W. Of course depending on usage, it might take a decade of using conventional 2 cycle oil before you notice much problem.....or if you're on the water a lot, then it might only be a season. The type of operation as well, trolling vs. open throttle...
i'd agree with jtracc...those old 2 strokers arent real picky when it comes to oil. just make sure you got enough and giver a good long run every outting.
i find people can be fanatical with sythetic oil...think its the save all in engines.
with older 2 strokes keep your oil fresh, you mixture right (not always what the manual tells you either) and give the motor a good long pull every outting to keep the build up from building up.