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Do you still have the compression tester cause I would recheck that 60psi cylinder making sure you have the throttle wide open and if is the same then put a couple spoonfuls of oil in it and if it comes right back up then that ring is stuffed. If I remember right under 140psi means you need rings. Might be your chance to get some engine building experience.
Blacktop will up the hp a lot if you do that swap. mr220v on here can help you out with the wiring harness and the rest is basic mechanics.
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