I wouldn't consider a little rust around the valve stems to be a deal-breaker. Eventually you'll need new tires and you can replace the rims at the same time. If the tires are in like-new condition, I might consider having a tire shop dismount them, clean up the rims, replace the tubes and ballast with a non-corrosive fluid. But chances are the tires will need replacing about the same time as the rims.
The tires on my four cylinder Ford 4000 rotted out 25 years after I bought it. The six-loop rims weren't salvageable and I replaced both tires and rims.
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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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