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Well, after reading the various suggestions I did further research. The marina where this all started changed hands about 15 years ago and this motor came with it. One guy said that he remembers it standing in a storage room when they took over. An original employee said he remembers that it was always just there. No one knows where it came from. The guy I bought it from said he was going to check the cylinders but the socket didn’t fit, hence the missing paint on a couple of bolts. Too much trouble. So it stood (and laid) for at least 30 years.
One members comments about seized or exploded coils caught my attention. I poured out the ATF that I had put into the plug holes and fired a bunch of penetrating oil up under the fly wheel. Over a couple of days I used an oak drift and tapped the fly wheel clockwise. It moved and finally freed up. The cylinders were not seized. I put the plugs back in and got good compression. Through the inspection port I can see that the coils are in pieces. The tiller handle is still seized and the mag plate won’t move. Will try to get the fly wheel off next. I have already destroyed one harmonic puller trying to it.