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 - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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