It is a good idea to check the water pump on these motors, and I found my impeller to be worn out, and the pump housing corroded. Impellers are cheap enough, but housings are not. I decided to save some money and bore my housing out, using my Harbor Freight Mini Mill. I made a stainless steel liner from my scrapped Craftsman air compressor. By lucky coincidence, their inside diameters were the same. At right is a picture of the bored out housing and new liner.
Here is the liner installed. It is a press fit, and secured with J-B Weld. Will it last another 42 years? I'm not sure about that, but it will likely last long enough. I believe this housing, and most other parts are original on this low-time engine.
The inside of the lower end was in very good condition. I snapped the two rear bolts while removing them, for corrosion held them fast. Once again, I saw no sign that these were ever removed since new. I was able to extract them, and found that the holes are 1/4" deeper than the 1" bolts used. Since these threads were weakened by the corrosion, I replaced the bolts with new 1-1/4" stainless bolts, taking advantage of the extra threads at the bottom of the hole. Since I plan to inspect the lower end annually, I don't expect the new bolts to have time to seize in the holes.
One other problem I had with this engine was a very stiff throttle. I traced this to the bottom bearing of the vertical throttle shaft. Here they used a nylon bushing which had very close clearances to both the engine frame and the bevel gear. Some aluminum corrosion built up between the bushing and frame, nearly seizing it completely. It took a lot of effort to wiggle it free. Once clear of corrosion, I lubricated it with silicon grease, and it operates smoothly once again.
If you have this problem, be sure this hole is clear of corrosion, or it will come back. I rolled up sandpaper and drew it through a few times.
The next thing I looked at was the tilt mechanism. Initially very stiff, it soon loosened to the point where the motor would fall back down. I disassembled it to see how it worked. It uses a plastic cone for friction and a very thick spring to put compressive force on the cone.
Removing the flywheel exposed an ignition system in pristine condition. Everything looked original. I replaced the condensers, but being cheap, I filed the points. They are working well, and may last many hours.
The points are set at 0.020", and care should be taken to be precise, for the point gap affects the ignition timing. Even better, use a timing light. If the Set Points mark is between the two marks on the engine, it is correct. Time the top plug with the Set Points T and the bottom with the Set Points B. 1,000 RPM is recommended, but is not critical as the timing does not advance with RPM relative to the timing marks.
The timing does advance with throttle setting, but since the timing marks move with the throttle, the timing light is accurate at any throttle setting. Low speed operation RPM is primarily controlled by the timing. The carburetor's throttle plate is at it's idle setting throughout the low speed range, while the timing varies. At higher speeds, the timing and throttle plate move together.
This motor is remarkably easy to start, and runs very well throughout it's speed range. It may be 42 years old, but it runs like new. It was a good choice for my application, and it's age doesn't worry me a bit.