These engines are better than the powertorque once fixed up, I have plenty of them around here if you need a new ignition coil (I am sure the lead is fixed to the coil, but still have my christmas cheer on to remember fully) I can scrap one from an old engine for you. Matter of fact I have just about any part that isnt available new from the online store.
Just clean out behind the primer cap, replace the O ring (around $1) be careful not to lose the needle from the primer cap, flush the fuel tank with fresh 2 stroke and it will ook after you.
Going by the compression you have described (the starter jerking) the engine is in great condition and will last for some time yet.
The flywheel is too light without the blade plate, its more of a cooling fan than anything

it took me a long time to learn this.
For future reference, the washer was originally round on older victas, victa changed to square washers at a later date but they all do the same job, just be weary of the new victa 4 stroke washers as they are different.
I hope you had a merrry christmas and bring on the new year
