I think the carburetor still has dirt or a plug somewhere. I know you said you have had it apart a couple of times but it sounds like somewhere you missed something. When cleaning a carburetor you need to follow each passage and know where it goes to and blow it out with cleaner or compressed air, or both. Sometimes when tracking down where a passage goes you can guess by seeing where the factory drilled a passage and then closed it with some kind of plug. Make sure there is no vacuum leak in the gasket where it bolts to the engine, or anywhere else. If the points are set with a feeler gauge to the correct gap it will be good enough to get it running and maybe good enough anyway, a light is best though. It is good to check the valves but it doesn't sound like they are the problem to me. To get more valve clearance you remove the valve and grind a LITTLE at a time off the end of the stem. To get less you grind the valve or seat, probably something you would take to a shop. I would use 10-30 oil although 5-30 would probably bi OK too.
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Today's Featured Article - Tuning-Up Your Tractor: Plugs & Compression Testing - by Curtis Von Fange. The engine seems to run rough. In the exhaust you can hear an occasion 'poofing' sound like somethings not firing on all cylinders. Under loaded conditions the tractor seems to lack power and it belches black smoke out of the exhaust. For some reason it just doesn't want to start up without cranking and cranking the starter. All these conditions can be signals that your unit is in need of a tune up. Ok, so what is involved in a tune up? You say, swap plugs and file the points....now tha
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