Dave,
Thanks.
Actually, I had no real intention of doing anything but freshening up this engine for normal use, a stock 16hp 13-fin K-341AQS. During reassembly, the machine shop missed the the cam endplay a little bit and I was getting a very noticeable knock at all speeds. End play on the cam is spec'ed at .005-.010"....mine was at .018". Since I knew I would have the cam out (well, not out, just "loose") I had that little "hot rod" thought run through my head and sought advice on the cheater and/or K-361 cams.
In the end, I decided that since the engine didn't any "special" treatment in the ports or valve seat area to improve flow, the addition of a "hot" cam would probably not yeild torque/hp significant increases, considering the expense. I would much rather use the "complete" approach you took (if super performance would have been the goal) than the JEGS/SUMMIT "parts changer" approach of a cam only and no other work.
I pulled the engine down, shimmed the cam to .006" and crank endplay to .008" and left it at that. Seems to have taken some of the rattle out of it, but I haven't really wrung it out yet. I still think I might be getting just a little cam noise at med.->low idle, or it may just be this big'ol 16hp bangin' around a little bit. Either way, I'll pull the deck off of the 149, put it back under the 1650 and see how it does after everything is tightened up.
It all started out as "let's freshen this one up before I do any paint work on it, that will give me a chance to "run in" this new-to-me tractor for a while and get the bugs out before it gets pretty".