So your a gear head. All you have to do is look at this stuff and after
awhile it starts to make sense to you. Unusual for someone your age
today. I suspect you know what to use in the gear case. If the strap
( part the connects to the flywheel that works the timer) has been replaced
it should have a hole going through it. The hole takes oil that passes
the upper main bearing and gets it over to the timer to lubricate it.
The gas tanks are prone to cracking at the welds on these as well.
Often the cracks will go under the mounting bracket where you can’t
get at them. I’ve been putting a couple of coats of Red Coat sealer
in mine hoping it will help hold them together. Back to the points.
The way the battery is connected determines which side of the points
will have the build up and which side will have the hole. By reversing
the + & – connection from time to time will do a lot to extend the
point life. You’re going to have a blast running that thing. I sure do
running mine.
Tubs
A "Boathouse Repair" is one thats done without having tools or the skills to do it properly.