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I don't want to be unkind, but it is impossible to get the engine running properly without knowing what the condition of the enige is (compression, leak down), without using the right components, like a suitable ignition in good condition. Then do a valve job, give her some fresh juice and and filter. Run the engine, adjust the ignition and last but not least, adjust the carbs. With the engine stored for some years, drive it a 100 miles after the first adjustments and check/readjust all the settings.
If you do not work in this sequence, you will never get the engine run as it should/could - unless you are one of these guys who always win the jackpot when gambling.
Yes, there are some people who are able to rebuild a 050 to a usable advance curve for your engine, but what you will pay for such a "transformation" is better spent on a maintanance free electronic version or a professionally rebuild 022/031.
Sorry, but this is what I think the only way it should be done.
Otto
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