Ok.... I'm done with this thing. I took it to a guy who has rebuilt a dozen or so tractors and has a good reputation for getting things to work. He went through the carb, set the timing and replaced the 6V condensor with the correct 12V one. He tinkered with a few other electrical things and also checked compression. 3 cylinders at 60 and number two was at 30. He tells me they should be around 100 but just for mowing it would be fine. Tractor started and ran fine there but didn't have any load on it.
Got it back to the house and hooked the mower deck up and started mowing. Seemed to be pretty strong but after about 20 minutes the vent at the bottom of the radiator started steaming so I stopped it and added coolant, no big deal. About another 20 minutes and it is noticably losing power and bogging down. Radiator started steaming AGAIN so I stopped and filled it back up and also tightened the belt a little thinking that would help. Well, after it gets hot it doesn't have much power so I just pulled it into the shed so I wouldn't have to leave it dead in the yard. Do I need a new radiator or what?
Regardless, I can't keep wasting my time and money on this tractor. I'm planning to sell it once I get it running properly and get something newer. Anyone want to buy it? Make an offer... has a 60" Woods finish mower.