To One and All:
Thanks to all of the folks who helped me with this project - it's done! I started the motor in a barrel this morning. She runs great! No leaks, no problems, and plenty of water coming from the exhaust. The engine runs smooth. I made a spark tester. I have a sharp, blue spark from each plug wire across a 5/16" gap. After about 20 minutes at idle in the barrel, I checked the compression. The bottom cylinder was 120 psi and the top one was 115 psi. The bottom piston is new and both sets of rings are new.
During the overhaul, I replaced the water pump impeller, the thermostat, I cross hatched both cylinders with a new cylinder hone and plenty of oil, replaced the bottom piston, both sets of rings and all gaskets and seals. At this point, I am pleased with the job. The motor starts with a very short tug on the rope and runs really smooth.
Thanks again for all the help. WE ended up with a successful overhaul.
Tom