Sounds to me like the points gap was set wrong LAST time someone tuned it up, and had to compensate for that by adjusting the timing. I'm guessing that all you need to do make it run now is to loosen the distributor and rotate it a bit to advance the timing. Don't turn it very much, and do it slowly. If you turn it the WRONG way, the engine will slow down. Turn it the CORRECT way and the engine will speed up. You'll figure it out.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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