Does that one have the forward/reverse lever? Is that what you mean by gear?
I have a 1998 GX, which has no reverse.
These PWC are all DIRECT DRIVE. That means NO gear box, and the impeller turns the same direction in forward, AND reverse. Reverse is simply a scoop gate that pulls down over the jet coming out the back, and re directing the water jet forward. If your control lever, or cable, or linkage that controls this gate is malfunctioning, you could have the symptoms you describe.
Now, there is the limited possibility that the splines on the driveshaft are stripped, however that is not real likely.
Anyway, your cylinder PSI should be new: 150/150, and then as it wears all the way down to 90/90, and then rebuild. HOWEVER, they should both be close to the same, ie 130/100 is BAD. It means one cylinder is bad. No more than 10 LBS diff, and more like 2-5 lbs diff is normal.
If you have still got the gray fuel lines, they will cause you mucho trouble, and they will need to be replaced. Search GRAY FUEL LINES, and read all about it. Search COMPRESSION TEST, and you will find out how to do it.
Also, try to avoid running that ski at speeds over 90 mph, as the traffic cops will give you a ticket!
Stick around, ask lots of questions, search them too, and your PWC will yield you much pleasure!
Nate