So I finally figured out what what happened in post#1375. thought I'd update anyone that might have been interested....
Turns out the guy that sold me the saw had Scavenged off lots of parts, greased the piston so it actually felt like it had compression, and threw it the wrong flywheel. After some digging I found an image of the correct flywheel. Some Dremel work and sanding and it fit without rubbing. Lots of parts later (OEM Piston, Jug, Decomp valve, gaskets, seals, bearings, a new chip in lew of trigger unit, many misc screws, new all metal clutch...and more I'm forgetting) SHE RUNS! I'm waiting for a new bar and chain and will put her into wood.
Sorry for not getting back sooner, thanks Pogo for the heads up...