Greg that thing is in good shape.
Thing is it does have a compression release. It is incorperated into the throttle lock as well. Look right above the muffler and you will see it there. This setup is not the best out there.
Look closely at the fuel cap again will you? Is there not a big rubber flap in it? Kinda like a very big duckbill, I think mine has that.
Also please tell me what model # the HS carb is on it.
Is it running yet?
Mark,
I think your right, that the comp release is working. I figured something was missing, cause of the hole in the plate above it. It pulls very easy when starting. It starts very well!!! I was amazed. There is a rod type gizmo that sticks up through the spring, but doesn't go all the way up. Had me stumped.
The carb is a HS59A. The fuel cap has the round flap style vent, as you say.
Must have been the early version of the duck bill. LOL Not sure what these are called. The muffler is a little louder than most 306's I have also. There is nothing inside, no screen or baffles at all. Just the two posts that hold it on.
Gregg,