So I got spark, good fuel and everything else that was advised. In an attempt to get the old girl fired up, I heard a metallic "ping" come from the motor. I stopped attempting to start it with the electric start and opted to very gently rotate the kick start with my hand. I felt the motor "lock up".
I removed the heads and found that the decompressor that I was havig issues with had came apart. Aparently there is supposed to be a small pin that holds the long, slender valve in place. This small silver valve, had fallen into the motor and apparently landed on top of the piston, hence the "pinging" sound. There are 2 very small scars on the top of the piston now and 2 on the head. Valves appear to be in good shape. And no scars or scratches on the cylinder wall.
What do guys recommend? Should I get a new piston and head? Money's tight, was thinking about just getting a new decompressor pin and putting it all back together.
Any thoughts?