Guys:
Thanks to 12 hours away from the machine, but mostly from the advice here, backfiring is resolved!! Valves needed readjustment. It helps to have the correct tappet wrenches in your box (thanks K-D Tools for USA made goodies!!). Got everything back together and it fired right up. Very small miss in engine; think the points need a little tweaking. Ran it about 45 minutes test mowing. Started to struggle a bit and I smelled what I think is a belt burning. Shut it down and it tries to start but no luck. Towed it back into shop with four wheeler SLOWLY. Letting it rest overnight before I tackle this next challenge. This thing has been a real test of my patience since taking on the repair job. Sad, it's got about 980 hours on it but someone at one point changed the fuel line to a single, bottom feed outlet in tank and plugged the top, removed the fuel valve. Along with some suspect wiring, I don't think I got the whole story from the owner when he dropped it for the repairs. But, then again, he may not know everything about it...:unkown: