I've been enjoying this thread, because I am going thru a similar situation with my 240U. I began trying to resolve a frozen valve in the head, and the project has taken a life of it's own. One thing I've learned is that the moment you repair and "tighten up" one part of the engine, you will immediately place increased pressure upon the next "weakest link" in the engine,and cause it to perform worse than it did before. For example, for me at least, a rebuilt head led to replacing the rings, and while I was there I discovered all of the bearings were down to the copper layer, and then the rear seal was oozing, and then . . .
A good overview book is a welcome guide. For example this one is $15 well spent. Two things to remember: (1) how often will you use the tractor at full laod, and (2) you're not running it at Daytona. Things can really get out of hand . . . fast.
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