Hi fellas, today I had the bore honed/deglazed. It seems to have come up OK. I threw in a new piston and rings, new head gasket, new starter oring. Tonight I washed out the main bearing and crank housing till I got clear/clean fluid coming out and no grit. I cleaned out the exhaust port and then dripped in some clean oil on the bearings and cylinder.
Just on initial turn over with a drill and no exhaust or carby in place I got 80psi with unbedded rings. I have no idea what pressures these things run but it "felt" similar to the compression I get from my other two stroke on the starter cord.
The carby was stuffed too. The guy I bought it off had cross threaded the jet screw. So I got hold of a second hand carby.
The engine is assembled but I have to put the carb together then mount it and fire it up. I'll see how it goes in the morning.
Hopefully the old donk has missed hitting the scrap heap or I have just wasted another wad of cash.