I was looking around some arc files and I think I found all the files which control enemy and item placements for all the different mercenaries maps and modes.
If you look in s400.arc (stage for public assembly) and go to stage\s400\soft you'll see 4 directories: merce, mercex, vsm and vss.
Each directory contains all the files which define all the enemy placements, where they spawn from, which enemies should spawn, which boss to spawn, and where all the items are (like time bonuses, combo chests, herbs and etc).
Merce is normal mercenaries. Merceex is no mercy mode. vsm is versus slayer, and vss is versus survivor.
The files used in these directories won't actually crash the game if the game can't find and load them. So you can see the effect with any of them turned off. I did a little test like that to figure out what each file controls:
s400\soft\merce\fsm\EmStArea0 (defines enemy spawns in the northern region of the map)
s400\soft\merce\fsm\EmStArea1 (defines enemy spawns in the southern region of the map)
s400\soft\merce\fsm\fix\AtkRights (unknown)
s400\soft\merce\fsm\fix\BossEmSet (contains boss data)
s400\soft\merce\fsm\fix\StartEmSet (defines enemies which spawn on the map right away (including the chickens))
s400\soft\merce\s400_em## (didn't test any of them, but I'm pretty sure these defines the enemy types on the map)
s400\soft\merce\s400_fsm (not sure but I think enemies stopped spawning when this was gone. does it define spawn locations or regions?)
s400\soft\merce\s400_IDF00_Ins (defines locations of explosive barrels and ladders)
s400\soft\merce\s400_IDF01_Ins (defines locations of chests, breakable boxes and time bonuses)
s400\soft\merce\s400_Item (defines items just lying around at start of match (combo bonuses in chests, herbs lying around, grenades lying around))
s400\soft\merce\s400_noitem (unknown)
s400\soft\merce\s400_sce (unknown)
Now then, since I never get an error message if they can't be loaded means that I don't know what extension they're supposed to have. So I haven't been able to replace any of them yet. The header of the files says "XFS", but giving the files that extension seems to have no effect. I'm really eager to figure this out, since this may mean we can turn normal mercs into no mercy (thus allowing coop for it), or if we figure out the files themselves we can try to spawn lickers, big majini, or whatever in public assembly or any other map.
http://www.youtube.com/watch?v=SnQsoZqwhtM - Here's a video with all the files for mercenaries not loading.