Hi Tonastke and Welcome,
I am from Dayton....... Raced AMA dirt track all over Ohio in the late 60 to early 80s. Had a 24" Whizzer Ambassador [in fact 2] at 13 yrs. old in Dayton.
When the WC-1 motor decides to stop running, it is almost always the valve seats [approx. 99%]. The problem is design, but is rushed along by heat. I will do my best to pass along the results of my thousands of miles of personal testing, and the test results of extracting all the power possible from the flat head Whizzer motor. The aluminum used on the WC-1 motor was extremely porous and didn't handle heat well. I have seen motors exceed 600 degrees, of course not for long. The seats were pressed in [I think cold] and the aluminum expanded quicker that the valve seat material. Now we should consider 2 different theories, one concept states if the speed is restricted the motor will produce less heat, second theory states an effecient air cooled motor will run cooler at higher speeds [air cooled is the magic word].
Normally the motors are a victim of heat and most I am aware of didn't make it much past 650 miles. I have heard of motors passing the 1000 mile mark, but have never seen one. I think it has more to do with riding style, for example I live in a very warm climate, and take long rides [ min. 15 miles, and most over 30 miles] and therefore my WC-1 motors seldom made it to 600 miles.
An important note about the symptoms of loose valve seats. The only thing that remains similar is "pushing" or "riding" the bike home. I had the chance to strengthen my legs on many return trips. Most of the time the motor will suddenly act like it ran out of gas, and may "pop" a few times [depending on which seat loosened]. On a few rare occasions after the motor cooled it was possible to "limp" home using the motor. There were some failures that left the seat completely out of the block and those rides required returning home without the aid of the motor.
I know of thousands of dollar wasted trying to keep the seats in the WC-1 cylinder, and I will tell you some of the fixes I tried. Purchase a tool from Whizzer twice [$49.00 X 2] made to "peen" the seats. Results netted 100% failure. "Pinned" the seats in, 100% failure. Had special over sized seats made [.002", 003", .004", .006" O.S.], 100% failure, Had threaded seats made, 100% failure, Used special liquids, such as Loc-tite #620 & #640, 100% failure. Spent $2000.00 with a company in Ohio that was famous for keeping seats in HD motors, never finished testing, but wasn't cost effective if successful.
There ya are the truth and nothing but the truth.
End of Part 1, part 2 to follow.
Have fun,