Tone, the washer on the end is a circlip, how did that get worn surounded in oil ?
the brass slider, it is on the right way round ? and not upside down ? if the circlip shows signs of wear has the previous onwer been playing with it?
Stick to quicksilver not the cheapest but works. Motorclycle 2 stoke oil isn't suitable for an outboard they run at different temperatures.
Can't remember if the pump can be stripped,
Pete