So I got it running today. Lots of smoke initially (I did shoot some fogging oil in the cylinders last weekend), but it seems to run as well as my RT. Who'da knowd fresh gas vs old gas/varnish/water was the ticket?
The one thing I'm not clear on is why so much moisture exited the muffler when it was running. I noticed some dripping where the header and muffler connect before I tried to start it, and assumed it was somehow accumulated from sitting outside, but it seems kind of like oily coolant. I need to get some distilled water to fill the system and let it get up to temperature, I guess.