The oil was added to the cylinder about 2 hours before I did any real turning over of the engine. Did turn it by hand a few times while the plug was out just to get the cylinder wall and the valves coated so it wouldn't be a dry start. Motor sat for about 5 years.
Anyways, here we are, the next day. Took a gamble. Put gas in the tank, opened the shutoff, gave it time to feed fuel to the carb. Turned the key and let it crank a few rotations. paused, did it again, paused, did it again and it fired up. I let it idle for a bit to warm up and smoothed off the choke.
It ran for about 90 seconds and then stopped with a screech sound. I turned the motor by hand to see if it locked up, but, it didn't. It turns okay by hand. So, I try again. It started and ran for about a minute and then stopped with a screech, again.
I am suspecting the rings are bad.
And here are pics of it now.
Motor set in place and waiting for carb, fuel tank and starter, other little details.