Thanks Guys. I think the string method is a winner. Once I get the engine put back together (Yes I took it apart again, more on that later) It will have new o-rings installed and should by the 'tightest' reading I can get.
Jared, good idea with the gear motor. However I would like the starter to be a permanent fixture on the engine, and most gear motors are about the same size as this entire engine (OK a little bit smaller, but too big nonetheless)
Now, I have ran the engine many times, and vary hard too. I have decided to run the engine as hard as I possibly can, while it is on the stand. I am looking for the proverbial 'Weak Link'. A few things I have been doing is advancing the timing to a point of knocking. This should create a lot of forces on the pistons and connecting rod bearings. Also, extended periods of 'load', By holding a piece of rubber on the flywheel, and holding the engine at full throttle working the engine very hard. This usually will start the cooling system to a boil, then I keep going for as long as there is a sufficient amount of water in the radiator.
This morning I decided was the time to tear it apart, but first one more run. I got the engine up to 7800 rpm, then I held it there for 2 full tanks of gas, adding water as necessary. This was about 45 minutes of full throttle, no holds barred engine destruction. I thought for sure It was going to break somewhere, but it just kept going.
So, on with the tear down report.
I was very pleased to find my new connecting rod bushings are holding up beautifully. There was a slight slop in a few which I had shimmed. I removed the shims and there tight, and move free.
The wrist pins are showing wear, and will be replaced. I have not drilled any oil holes for them, so this is not a surprise. Holes will be added this time.
The o-rings are indeed wearing out, but I don't think this is what they were intended to be used for. They do work quite well, and do last a decent amount of time. Had I not been so hard on the engine, they would not be so bad.
The bronze idler gear shaft has significant wear, and has been replaced with a drill rod shaft. The brass gears have some backlash, unacceptable for NASA but good enough for me. These will eventually be replaced by a combination of 12L14 and 7075 Ali.
Both bronze bushings on either end of the engine are in great shape, and do not need replacing.
The valves are looking good as well. I may replace a couple rocker arms though.
Water pump is still holding up, and the overflow system is working perfectly.
Camshaft looks good, but the leaded steel tappets are slightly mushrooming.
So all and all I am pleased with the engine. I would still like to find a few more weak links before I decide to go full out with plans.
The biggest problems I am experiencing is with the spark jumping do to flooded spark plugs, or plugs that just don't want to work. I am realizing there is a reason that R/C manufactures don't put ignition systems on engines this small.
Also, the carb could use some refining, but I do have the fuel tank 2 inches below the venturi, so that could have something to do with it.
Kel