Any chance, does it have dual exhaust? That would be a real deal option! Don't let it get away if it does!
One more thing you might want to put on your to do list (I know, not what you want to hear...), reset the valves. They may have settled in or tightened up doing the retorque.
I wouldn't be too overly concerned about getting the timing to spec. As long as it's running good, not clattering under load, and for sure not kicking back against the starter, it will be OK.
I don't remember what kind of governor problem you were having but there is some how to on the Ferguson page (Ferguson, not MF), info online for the adjustment procedure, and some on Youtube. The most common problem is the link from the governor arm to the carb is out of length range. Too short it won't return to idle, too long it won't get full throttle.
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Today's Featured Article - Tractor Profile: Ferguson TO-20 - by Staff. When the infamous "Handshake Agreement" between Henry Ford and Harry Ferguson fell by the wayside (that's a story in itself), Harry Ferguson quickly set up manufacturing plants for a United States version of his English TE-20. The TO-20 was relatively the same as the TE-20 except utilized some different casting materials and had a US-style electrical system. The TO-20 was a dead ringer for the Ford 9N and 2N models and they say that Ferguson did this on purpose when the Handshake Agreement wen
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