Re: You guys are gonna love this.
Well, I got the '61 Lark III running today. It fired right up, after the 4th pull. All I had to do, was put another coil in it and clean up the mag plate. I drained the lower unit and found the seals are keeping the water out, which is a plus. It pumped water good too. After running it for about an hour, I took a compression test and got 120 psi on both cylinders with the pull starter. This one is a pretty nice healthy motor, like the '58 but not quite as low of hours. Another good runner for zero dollars and zero cents investment.
The '62 Lark IV will definately need the whole ignition system replaced on it, before it'll even offer to run. I sprayed a bunch of WD-40 in through the carb as I cranked it over with the starter and got the top end all good and lubed up. It appears to have good compression too. The bucked toothed varmits messed up a lot of paint on the powerhead, but at least nothing else was damaged. The carb and stuff looks like it's all in good condition. I'm betting that once the ignition system is all refurbished, I'll have a third runner.