I agree with Darryl - if you replace the wrecked governor spring, you should be good to go for a long period: I couldn't kill my similar engine, much as I'd have liked to. If you keep the correct amount of clean oil in it, you are more likely to get irritated by it not running as well as a B&S than you are to have an irreversible breakdown. Watch for blue exhaust smoke; if that happens you probably need new rings. Mine also liked to drip a bit of petrol from the water-drain button under the float bowl. It may have developed a boot-print or two here and there as well, due to my general state of dislike of it.
One day you may find you've accidentally acquired all the information you need to do a good clean job of fitting a B&S engine yourself, and you may want to do the conversion for personal entertainment. However you also may become fond of the thing as a sort of pet antique; if so you'll want to keep the orignal engine and restore it to its original lack-of-glory.
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