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Rebuilding carbs and replacing seals and gaskets won't resurrect a "tired" motor. At the very least, you are looking at a top end rebuild (heads/valves) and likely pistons/rings/cylinders. Any idea how many miles on the motor? Also likely that even doing the above is throwing good money after bad since the bottom end (crank/bearings) could be worn. A "tired" motor diagnosis usually means a complete rebuild---$8000-12,000 by a reputable shop (ouch!)------regardless, don't waste your money on what you originally propose...Good Luck!
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