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Thanks for the interest. The NIB designation was more description than fact. The missing paint on the head bolts I explained to Crosbyman. I have not yet checked lower unit oil but it is free. The gear shift works and the prop reacts accordingly. The recoil is perfect .i.e., no marks, pulls freely. The rope is not frayed nor is the handle marked up. As noted to Crosbyman, this motor sat around a marina for at least 30 years and was shuffled from storage to storage. It was probably used as display over the years all of which explains the wear marks.
You are correct. I looked under the inspection plate and the coil varnish was in pieces but I couldn’t turn the flywheel to see more. I sprayed Liquid Wrench up under the fly wheel and tapped with a drift. After soaking it moved and I finally got the flywheel off with a new puller. The coil heals had stuck to the flywheel with what I assume to be rust. The spark plug wire ends were corroded off. The points were not worn but did have grey marks which even test firing would have created. The oiler wick had dissolved or was missing. All in all it was a mess but the mag plate now turned freely.
I took the tiller arm off and disassembled. It was frozen because of old dried grease. A tooth brush and commercial degreaser cleaned it up. Paint on all screws was perfect
Any discoloration under the plug wires and around the head just wiped off with a cloth and Spray Nine. The crankshaft turns freely, pistons move and there seems to be good compression although I haven’t gauge checked it yet.
I took the carb off. It appears to have never been removed. It was clean and dry inside. The glass bowl had a bit of sediment in the bottom that wiped out with a finger. The filter was clean. The float was cork and looked brand new. There was no smell, no goo nor varnish anywhere.
Today, new coils, cleaned up mag plate, points, wires, new plugs, cleaned up carb and all reassembled by days end. Then I’ll turn my attention to the lower unit.