Most likely, the filter is plugging up as it warms up. As the oil warms,it draws material from the bottom of the pan into the filter plugging it. When it cools off, the material drops back to the bottom of the pan until the next time it is run.
That material is friction material from the bands and clutches most likely. There is not one thing that is making it quit, but rather a combination of things. As others have said, it is time to replace the transmission.
Forward motion depends on the rear clutch pack. If that fails, you get no forward motion. The front band only affects second gear. The rear band is mostly for reverse. The front clutch pack is for high and reverse. No one friction unit will prevent the transmission from operating in at least one range.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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