Looking for any suggestions after working on the engine again.
1. New points and condenser and getting a nice spark with the spark tester. When I test with the plug to ground it gets a nice spark.
2. Removed the head and lapped the valves.
3. Put the head on a plate that .0005 flat over 17 inches and notices a slight irregularity in the head. I could not measure it but possibly it might have been up to .003 diagonally across the head. I ground it on the plate with 600 wet and removed the wabble.
4. Put on a new head gasket, Tecumseh not aftermarket.
5. Torqued the head to spec and to the Tecumseh pattern.
6. Rebuilt the carb just in case and installed a new gas line and filter. I normally put in gas through the plug bit as it's been mentioned above I just wanted to eliminate as much as possible.
7. The timing was reset with 20 point gap and the opening of the points happeneing as close to TDC as the points case allows for with rotation. I don't think it's mechanically possible to get it closer to TDC than how it's currently set without changing the gap to a smaller gap.
8. The compression has stayed the same 60 and a poor 60 at that. Real good engines I've tested go to 60 on the first pull and 90 on the second. This engine goes to 30, 45, then 60 on three pulls. Since I can't run the engine that's a cold reading. The cold wet is 80 which made me suspect valves.
9. There is no compression release of any type that I can see by watching the valves with the head off and turning the crank by hand. There is no MCR in the drawings. There is no valve movement other than expected with the 4 strokes.
10. On trying to start the engine it is a bit worse than before. It's sometimes gets a few very faint fires. The plug ends up wet all the time if it I keep cranking. If I just have gas going through the plug for better control adding small amounts it will just barely fire once or twice. If I keep pulling and testing the plug eventually gets wet. I"ve done this a bunch of times with 4 new plugs.
11. I"ve got gas and spark. The valves have been lapped and look good along with the seats. I"ve got a high power magnifier eye piece and the seats and faces look ok so I think from a compression standpoint the valves are not the problem.
12. The valves are not the problem. The head and gasket are I think ok. There was an issue with the spark pulg hold but it's been helicoiled and tested with talcum power around the base and seems fine.
13. It rained and a wind blew off the tarp covering the head. The piston was down an inch into the cylinder so water gathered in the top inch and stayed there. I drained the oil thinking there would be water but no water leaked down past the rings into the crank case. I removed the oil to check. It seems odd as there are ring gaps and I would have expected water to run through - but no water in the oil. ??
14. All the above seem to make me think the cylinder wall is cracked or the rings are bad. Given that the engine ran fine not so long ago I don't think it's the rings or a crack. ??? What have I missed??