A follow up for anyone interested - this engine is now running. The Dynastart, a starter/generator assy that consists of a stator and rotor that are integrated into the right side of the engine (not an exterior, bolt on unit) has been cleaned, the coils of the stator re-wrapped with cloth, new brushes etc. have been installed. The rest of the engine has seen some new and good used parts installed. The teardown and reassembly was documented and uploaded onto youtube in a 15 part series that includes a short test drive to test the transmission and clutch. The videos are titled "Penguin Engine and Transmission Teardown" and the test drive can be seen at about the 51 minute mark of part 15. The attached photo was taken of the engine installed in a Penguin I use for test running engines.