It has an H4 magneto. Could be a cracked manifold, but I'd be checking the carburetor first; much cheaper! I had issues with my Farmall M refusing to idle properly. It just ran on the main jet all the time. Made 5th gear dangerously fast! Took the carburetor into Wilson Carburetor Service (totally useless if you are in the U.S., but the best place I have ever found in Victoria for carburetor repairs) and had it overhauled. Now the tractor runs as it should, apart from the very tired kerosene manifold.
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