Thanks everyone...
In regards to how she runs, she starts right up now...
Back in the early 2K's when I used it every summer it ran about the same except starting it was ALWAYS an arduous process... Whether this was due to the carb or it having the wrong plug in it or even an old battery, your guess is as good as mine
Things I did in my "overhaul" in the past 2 weeks:
-re-gapped the original points, they were only .05 off (.30 vs .25)
-put in a new H10C plug
-flushed the tank
-cleaned the fuel bowl and installed a new screen and gasket
-soaked, pipe cleanered the fuel pipette
-yanked the carb, cleaned it inside and out, replaced the bowl gasket, the bigger float gasket, the needle, the needle seat, the needle gasket
-greased all the fittings I could see
-brand new battery
it doesnt always backfire... in this case i only had it running for about 5 minutes, just enough for a lap around the house and to get the PTO going
I am 100% sure the belts are in need of replacement and the idler pulley lubed and maybe tightened (its bouncing around a bit)
I bought a new starter belt with my parts order (free shipping!) but I've gotta drop the deck this weekend to really inspect it, get the covers off and inspect the underside
When the PTO engaged the first time it did take some time but subsequent engages seemed to be a bit better... The first one just stood out in my mind...
She goes up hills OK etc with no real discernible hesitation
If I need to replace the muffler, I will, that beast is LOUD... either that or I need to invest in better ear protection
Regarding timing, I DONT have a timing light but I'm sure I could borrow one (I'm in tractor country) and I do have the shop manual on the cub and kohler respectively so it shouldn't be hard to do
One thing to mention is that this thing did run leaded gas for a real long time and its only been the past 10+ years its be on unleaded... Not sure if it makes any difference but figured I'd mention it
Looks like the Kohler book says 250 hours when leaded fuel is used and more often when used in a dirty and dusty environment (which camp was)
AFAIK the head has never been removed, nor carbon removed
I *think* that covers all bases... Feel free to ask anything and I'll give ya answers...
I will definitely get some pictures up this weekend
Thanks to everyone for their input and encouragement, it's seriously the old reason my 124 is running now =)