Welp. Got it running again. Lots of nervous time getting the flywheel off. But in the end I was victorious. Damage to shaft
and wheel was limited to some burrs. Easily sandpapered away.
Next I drilled the shaft where the setscrews are, so the flywheel will stay in place this time.
I reassembled everything, adjusted spark timing to TDC (it was a little before TDC) and test ran it.
The adjustment of the spark seems to have improved the spray problem. But it's still there. Hope it shows on this video.
Spitting time !!
https://youtube.com/shorts/ixsTS28FPq8