I had a chance last night to go out and check my carb/governor settings, thanks to a really good video on youtube. I watched it a few times, wrote down some notes, then went outside to check mine.
First observations:
I bought the snowblower last year for $50 with a bad engine. The crankshaft was galled and was leaking oil badly out of the output side of the engine. You could take the crankshaft and move it up and down, there was so much play. I have been slowly rebuilding it over a year replacing the side cover, crankshaft, etc etc and just got it finished last week. It started right up and runs great. Needs a carb rebuild, genuine Tecumseh rebuild kit on the way.
The previous owner told me it "loses power under load". Apparently, instead of rebuilding the 30 year old carburetor, which leaks fuel out of the adjustment screw at the bottom of the bowl, he turned the governor high speed adjustment screw ALL THE WAY IN! The engine must've been running 7000RPMs or more at WOT. No "wonder" the crankshaft was ruined; Tecumsehs are known for throwing rods if the RPM's are too high!
Also, the governor spring was in the wrong hole AND somebody had adjusted the governor arm and obviously didnt know what they were doing because it pretty much disabled the governor, thus why it would bog under load. I backed the governor high speed screw out almost all the way, by ear, it now runs at normal speed WOT, adjusted the governor, now it no longer bogs when it hits a snow bank, and ordered a carb rebuild kit.
Thanks to this thread, and that video on youtube, I spared another Tecumseh engine and my spare time chasing parts. Cannot believe what some people band-aid to fix a simple problem, ESPECIALLY given how crazy easy it is to rebuild a Tecumseh carburetor!
Oh, and since this is BITOG, I refilled it with Mobil 1 Advanced Fuel Economy 0w-20.
There is a sticker on the side of the crankcase calling for 5w-20. Im very happy with the work I have done and cannot wait to get the carb rebuilt. This is on an older, mint condition Bolens 524.