Goals: I'm trying to do this cheaply as possible. It only does tractor rides, shows, a couple plow days and piddle around home some, I can't see spending lots of unnecessary dollars on it for no more than it does.
At only 65 hours of use per year it won't take much to make it last a long long time. RRLund's suggestions would make it easily last for several more decades.
For peace of mind, while the engine is apart you could also check: the cam bearings; oil pump; crankshaft journals; and cam shaft lobes and then decide if any further repairs are justified. The distributor, carburetor and even the cylinder head are more accessible so they could easily be rebuilt anytime in the future if ever needed.
It would not hurt to do a compression test and a leak down test before tearing it down. They might give you even more peace of mind.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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