Thanks guys!
I started cleaning. The flywheel is cast white metal, shines up nicely. Though I believe I'll paint the spokes red, like we see in the 1935 Empire illustration. I then disassembled the engine, only snag was my drill slipped when I was removing the inner battery cover rivet that separates the negative from the battery case (darn it).
My focus now is the battery acid/rust off the battery tray. I have a lot of that KBS rust chemical so I have been dipping it. Then wire brush, Dremel tool, sanding, rise & repeat. I am thinking I'll need to do electrolysis. Which if I setup a electrolysis dip, then I can use that on the battery cover, the rust inside the cover I actually think is worse than the battery tray!
The base is going to be pretty easy to clean up, compared to the battery tray/cover. Anyways, here is a photo and the progress I have made on the tray (back into the rust dip it goes).
Edit: Oh, I thought someone worked on this engine before because it looked like it had modern shrink tube. Nope, that's original going over the coil's wire that has been extended out to the lever & negative battery connection.
[ Guests cannot view attachments ]