Thanks for all the prompt & helpful responses! I originally thought it was a "dirty" carb and replaced it plus a new filter. Have since replaced the fuel line due to age deterioration concerns although none seen. Cleaned the tank also. Identical problem after warm-up. Did identify source of long-term oil leak as the crankcase ventilation hose connected directly to carb. Found oil draining out the air filter housing. I capped the carb hose-barb and have it venting overboard, which after two sessions of running 10-15 minutes each, no oil being ejected. I now suspect all these years of oil splatter around the front motor housing may have dirtied the flywheel, coil, ground, etc. in the ignition circuit and plan to inspect/clean soon. FYI, only use E-free fuel with Stabil. Will report back!