Everything you have posted so far points to a fuel problem. The presence of spark when it quits would indicate that the ignition system is working OK. However, rechecking the points gap would be recommended at this point - just to be sure. The fact that choking will get you back to the shop indicates that it is going excessively lean under load. To me, this would indicate a restriction in the fuel path somehow. Restricted needle and seat, clogged main jet, or something restricting fuel delivery. I would check the level in the float chamber when it quits. Too low would mean it is not getting fuel from the tank, pump, or lines. If it is at the correct level, restriction has to be internal to the carburetor. As to a sticking exhaust valve, I would think that there may be a possibility there, BUT a sticking valve would have one major effect. That would be loss of compression accompanied by loss of vacuum to draw fuel through the fuel system. Therefore, in that case, choking would amplify the problem. Less vacuum, less fuel. Should be easily diagnosed with a vacuum gauge. Taking it to the shop might get it fixed, but might also end you up with a big bill and not fixed anyways. I think you are on the right track in looking at the fuel system. I would first do some checking with a vacuum gauge and a fuel pressure gauge. See what is happening when it quits. After that, it might be a good idea to take the carb completely apart and clean out everything meticulously. Or, in the worst case, replace the carb. Also, as a thought, anything that you can prove is NOT the problem is a step closer to what IS the problem.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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