I read somewhere that old starters are easy to repair....so I took it apart. I found a short to ground in one of the wires that connects to the brushes. I fixed that. I also found a brush that was "stuck" and not in spring loaded contact with the rotating thing (armature???). I fixed that too. This last problem likely explains why the starter always turned over so slow (because it turns over fast now). I thought it was just a weak battery. Live and learn!
I changed the spark plug. There was good spark. So I installed, and it fired up in a couple seconds of cranking.
So then I removed the fuel tank. Some prior holes had been fixed by brazing. I have 4 neighbors that are welders by trade. I called 2 of them up (the ones I know) and I asked them if they would braze the tank. Both gave me the same response - they hadn't brazed since school, and they were reluctant to do my tank. One told me about JB Waterweld. So I decided to give it a try. I haven't reinstalled yet, but I suspect it sealed the leak. I've fixed leaking tanks in an old Oldsmobile with saran wrap and glue that cures in fuel - so I expect the JB Waterweld will work - it is advertised for this application.
The aluminum piece with the valve on the bottom of the tank was showing corrosion. I wonder if it is galvanic corrosion? Anyways, it is difficult to get the O-ring to sit proper because the aluminum has wasted away in places under and around the O-ring. I threw out the "spacer" piece which was corroded the worst. As far as I can tell, you can still operate the valve fine without this spacer piece and the valve bolted directly to the tank. Fortunately I had a couple shorter bolts on my work bench that worked perfectly. I'm also planning to only use the reserve setting and I've cut the tube off so it sucks right from the bottom of the tank. I suspect water sits in the bottom of the tank and corrodes - I would rather have the engine sucking this junk out so it doesn't accumulate and perhaps I can slow the corrosion in the gas tank.
I haven't put it togther yet, but I expect it will work fine. I will post back if I have problems.
When you replace the starter, you need to take off the cover on the opposite side that houses the gear on the starter, the chain, etc. This is done so you can engage the splined started shaft into the gear. There was a bit of oil in this side (just enough to drip on the floor). Do I need to add some oil to this compartment? I suspect it is engine oil that must feed into there and drain out when stopped, but I'm not sure. I'm thinking I don't have to worry about adding oil to this side, but I thought I would ask.