Only thing I can add is be sure the oil level is correct. If you can find the factory spec on how much, fill it with that amount and compare that to the dipstick, just in case it has the wrong dipstick.
Also be sure the crankcase vent is clean and free, the thermostat is in and working, and the carb high speed is set properly. Too rich will cause smoke and overtime contaminate and raise the oil level. If it has a fuel pump be sure it is not leaking into the crankcase.
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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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