You may find the following article posted in the reference section informative. I certainly did.
https://continuouswave.com/whaler/refer ... Filter.pdf[Moderator’s Note: The above article was published 22-years ago in 2004. The price information is very out of date.]
For a small outboard engine I don't see much value in using a fuel-water separating filter with a detachable collection or drain bowl. Every connection point or fitting in fuel system is a potential failure point and should be avoided if possible. Unless you regularly experience fuel contamination, the benefits of a detachable-bowl-style filter may not be worth the additional complexity or expense.
I have used simple spin-on fuel-water separating filters (without a detachable collection bowl) for many years and have never experienced any fuel contamination problems.
The Racor PFF5510 is one example:
https://www.fisheriessupply.com/racor-p ... nt/pff5510[Moderator’s note: the threads on the canister filter mounting brackets from OMC are usually NOT the same as on Mercury (and other brand) engines, and the suggested filter may not fit an OMC engine.]