Tea20 loss of power under load

Hi not sure what's happened loss of power under load and appears fuel coming out of exhaust , new carburettor kit in a zenith 24t , checked points and spark plugs all look clean any ideas. Engine runs fine on low idol ,but as soon as it's put a in gear and loads up it lose power and at a high rev as well
Thanks shannon
 
Probably 2 or 3 free fixes. Readjust the carb till it isn't so rich. Then readjust the governor linkage from the carb, see if that is holding her back. Make sure the linkage springs are there and hooked up too.
 
springs are good carburettor set right, linkage is set , found a small oil leak near governor that I haven't notice before and it appears there is movement in the governor shaft , 2-3 mm in and out if I adjust governor screw will this go , or should I rebuild the governor , thanks
 

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