Plug reading is a complete waste of time unless you already know a great deal about your engine, fuel, and plugs for that matter. You can get the full throttle mixture almost perfect by power tuning the main jet/ top screw. Start by strapping the ski down to an open trailer and sinking it almost up to the hood. This should be deep enough for the pump to realistically load the engine. If the pump is breaking free then you are wasting your time. You need a tachometer to do this. Open the top screws three turns out and take some full throttle pulls and note the RPM. If its too rich, (it should be) the rpm will be down. Slowly close the screws between pulls until rpm stops rising then open them until the rpm drops slightly. This is your ideal (safe) mixture. If you run out of adjustment first, change the main jets until you get it back. Once you are done, do some smooth water full throttle pulls to check RPM. If it is about the same as on the trailer you are good to go. If the RPM is lower then open the screws some and make adjustments based on smooth water RPM. Often you will lose throttle response before then unless the pilot is too rich. The plug color will be a better way to know if one cylinder is running a little hotter than the other after you put some time on the engine.