I don't know if it matters, but I had a Evinrude 437 doing the same thing. it was turning head light bulbs into flash bulbs.
I doubled the regulars thinking one might be bad. come to find out there was no chassie ground. The engine & wiring was fine, but the regulator was mounted off engine. so it was getting ground from the throttle cable, but when its being used the cable would vibrate enough to lose ground so the regulator went out of the loop. one ground strap to the chassie from the engine block solved the problem.