Reply to mah2424:
Thanks for the help!!! I will check the timing. I have a copy of the ten instruction manual from Caterpillar, but it is not totally clear. The picture for finding TDC on the pulley is blurry. Is the mark on the crankshaft pulley clear to see? Also, am I supposed to align this mark with the raised piece on the left side of the block? To check that the exhaust valve is just closing, is it easiest to see through the side inspection plate? Is the exhaust valve closest to the front, or to the back? After I have TDC determined, I would guess that the rotor should be pointed to the No#1 spark plug wire. Could the magneto be 180 degrees out of time? How would I know? Thank you again for all of your help!!!
Here goes,
First, you must make sure you have your timing marks visible. If they are greasy, clean with some carb/brake cleaner and a rag. If they are not visible because they are painted over, I like to clean them off with a scotchbrite pad and some oil. This way you can sand off the paint, and not the metal/marks. They might be faint (lightly stamped), so don't take a wire wheel or sandpaper to them or you might obliterate them.
Second, the front valve is exhaust.
Third, yes you can have the timing 180 degrees off. Make sure you are on TDC when you time the mag. You can take the valve insp. covers off to help. Another good way to tell I like to use is pull all 4 plugs so the engine turns easily. Then you can cover the #1 plug hole with a finger and slowly turn the engine untill you feel compression build. This will get you close, then you can use the timing marks to get dead on. Or if the hood and tank are off, you can watch through the plug hole and see the valves and piston working to get there.
Forth, I didn't see what type of mag you are using. Depending on which one it is, they have different locations/ways to line them up to time. There is usually a sight window with a special gear tooth to line up, or an inspection cover with a half tooth, or some way to line the mag up for #1 to time. This is important if you have a replacement mag and not an origional as the manual instructions won't match. You can't just look when the rotor is close to #1, you have to have the timing gear perfectly lined up for this to work.
And be sure to pay attention when you are cranking to start, esp. after re-timing bacause you may well have the engine pop on you if its off a little bit- don't want to break an arm. And if you're pull starting it, be sure not to pull from the radiator support and break it like all these little tractors seem to have had happen to them along the way.
Hope this makes sense and helps.