I will chip in here.
I did up a Victa 4215HX, it was powered by a 15HP Tecumseh. Made in 1998.
I was in a similar situation (spend money or not)
I decided to service / repair the engine first, once that was sorted.
I started wondering, is the transmission working enough to use. I confirmed that it drove forward reverse and importantly up a grade. I wasn't that convinced it was up to scratch at the time.
Because I am used to cone drive Cox ride ons that climb steep grades with a trailer as well.
Anyway, I rebuilt the cutting deck next, weld, paint, bearings x 4, new belt.
I use it around here, it cuts 42 inches which I like. I like the steering & turning circle, it is comfortable to sit on. It feels safe on slopes, It doesn't handle steep grades ( back wheels spin or just stops), so I leave those bits for the Cox.
I researched changing oil in the transmission, but never went ahead and did it. It is working enough for me to use. I have never driven a new one, so dont know how to compare its performance.
It works enough for me to use, speed is ok, climbs well enough. The 15hp engine is not under or over powered.
I know to clean the grass dirt from off the top of the tranny, so it can stay cool and no overheat / degrade the oil.
All in all, I did this over a long period of time, in the end it was worth it for me. I like it.
Last edited by mark electric; 29/12/15 05:25 PM.