I haven't given up on this Farmsaw yet.Another member here sent me a PM about the parts I need to get it back to running condition again.I've found that the reason why the saw won't run is because the PO put a flywheel on it from a P41 which is a points saw.The Farmsaw is electronic & the 2 are incompatible.The timing was being thrown all over the place.Another thing I noticed was that the saw has an HS125 carb on it & it originally came with an HS147D.My guess is that the governor was giving the PO some problems & he switched out the carb.The HS125 doesn't have the governor.The only concern I have is if the venturi are the same size on the 125 as thery are on the 147.I'll find out more once I get the parts on the saw & get it fired up.
Here is a b & w of the three electronic modules used in the Farmsaw, P41, P51 & P61.
Bottom is the P41. Top right should be the one on your Farmsaw. Farmsaw has a flywheel with a sort of gear built into it that interlocks with the starter friction yoke thingy. Same as a small p series, 1074 and probably many more that I am not aware