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I got all the bits and pieces successfully removed and baggied up. Nothing left to do but pull the engine (well, and the wheels and swing arm). I have no idea how one normally removes an engine, but I doubt this is the propper way. I layed the bike on its side and removed all the bolts and voila!
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Most of the pieces below will never end up back on the bike but having spares and or options is always a good thing.
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Once the engine was out I began the process of taking it apart. I opened up the top side panel and pulled out the overhead cam that opens the valves. Upon doing this I dropped the cam drive chain into the crank case. Oops! 5 frustrating minutes of fishing around with an allan wrench and I finally got it back out. Once I got the cylinder head off I was able to see my first major folly...
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A rookie mistake (for a rookie bike builder:) never use the blunt end of a drill bit to try to tap-out the stuck piston through the spark plug hole.
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I was happy to see the piston was not mangled and none of the rings were off. I used a 1x1 piece of wood and a hammer to tap the piston free from it's rusty tomb. It finally broke loose and the cylinder was free to remove and inspect. There was a ring of rust where the piston rings were frozen, but I was able to clean it with wd-40 and a little elbow grease. The cylinder looks pretty clean so I am going to try to put a new piston in and hold off on boring it out. Still waiting on that carburetor...