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Thanks for all the suggestions. The darndest part is I see no corrosion on the exposed threads nor on the casting. I’ll go ahead and drill a small hole in the middle of the casting and spray PB Blaster in there and see what happens. I’m in TN so no salt water, but who knows where the motor has been in its’ 64 years. I do notice rust on some of the other bolts where there shouldn’t be rust – like the bolts on the mag plate. The condenser bolts were really rusted on and so were the bolts holding the spark plug wire clamps. I went ahead and replaced the whole armature plate. Surprisingly, the coils are very new Prufrex coils, so someone replaced them recently, but the points were original. Maybe this motor took a bath at one point in time. The pistons and cylinder walls are clean as a whistle, and compression is good, so we’ll see what happens.