I've rebuilt 5 Kohler engines using the rebuild kits I bought off of Ebay. They are a mix of Stens hardware and Kohler gaskets. The oldest one has close to 9 years on its overhaul (Cub 1450) and has had a lot of hours - still runs like new.
A 127 should have the steel governor gears so I wouldn't worry about them - if it were newer and had the plastic gears I'd replace them as part of the rebuild.
The K301 kits are cheap - especially compared to the pricing of an all Kohler kit (same parts different boxes?).
With $40-$60 worth of machine shop work you can have a brand new 40 year old engine for less than $160. The key to making an old K series last is keep enough oil in it and keeping it somewhat clean.
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Today's Featured Article - Reflections of the Fifties - by "Country" Elliott. I remember rowing up in the 1950�s in a small, rural town in northwestern New Jersey. The closest town to ours was only 3 miles away, and there were seven dairy farms in the areas of these two country towns. We had 5 acres, and because my Dad was a salesman and not a dairy farmer, he let the Bockovens, who owned the Willow Tree Dairy farm most of our land.
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