Re: Weak Cylinder
boobie ^ tried to get you to do a cylinder drop test. Start motor in barrel/on lake and have at highest idle in neutral. Pull one spark plug wire. If that wire is firing, and it's spark plug is working, by pulling that plug lead, the motor will react w/lower RPM's. Replace wire and do the other cylinder. If pulling the plug wire on each cylinder causes the RPM's to slow, then your spark is likely fine on both. If by pulling one lead the motor dies, or the RPM doesn't change at all, you have a non-firing cylinder and you need to do a spark test to determine if there is any spark getting to the plug. Use a spark tester and make sure you're getting a 1/4" snappy blue bolt in open air for each cylinder.
These old motors will idle and appear to run very well if firing on only one cylinder, but you'll only get 1/3 speed at WOT.
PERFORM CHECK THIS TEST before you dismantle a perfectly good powerhead! You may have a bad coil, dirty pointset, bad plug lead, bad spark plug or a faulty condenser on one cylinder. Or you could have low compression, which should have been evident by inspection when the head was removed to replace the gasket. Diagnonse and find the exact problem before you make repair plans/purchases..