This may help out a bit..

i would love to buy the carb from you,this is my first 2 stroke.i'am really into this project.at 61 years old no one believes i'll be riding this bike.checked compression only 60 psi kicking it over.i got a new ( old stock) set of ring's for it from ebay.this bike is complete.

Whew 60psi is low I wouldn't be surprised if it needed a bore too, though the gauges are notoriously inaccurate on such small displacement machines. I'm sure you'll be able to get it going, they are refreshingly simple machines if you've worked on modern bikes. Feel free to email me about the carb; This email address is being protected from spambots. You need JavaScript enabled to view it.

This place is awesome,next question.does this armature need to be sanded to bare metal.

Do the armature the easy way.
Do you have an air compressor? Yes?

Then get one of these :
www.harborfreight.com/21-oz-hopper-gravi...aster-gun-95793.html

And then get a 5lb box of " Baking Soda "
Take it outside and suspend it over a trash can. Wear a mask and proper eye wear.
Have at it.

awesome i knew i'd find the solution here

AND your driveway will clean up with a hose !