When I got it the crankcase was full of gas. Haven't fixed the needle and seat yet, just shutting the fuel off when not in use.
It smokes terrible at startup and even after it's been running for 30 minutes or so it will continue to smoke but not as bad.
It has 1014 hrs on it, the Left cyl head bolts weren't all torqued completely (found that when I pulled the starter to clean & fix the screeching bendix - should probably check the other side too). Some oil seepage at the bolt head inspired me to re-torque to 20ft/lbs - some went a turn or so, others were tight. Might it have burnt the head gasket.... in typing this I got to thinking, a flat head shouldn't have any oil there anyhow! Are some of the headbolt holes wet?
Is 1000+ hours time for a rebuild/repower or could it be residual crud in the muffler burning off?