Karl,
In my opinion the NE5 was the best late style Whizzer offering made, so be happy that you have the pair. However, they were not without issues. You can read about the various shortcomings here on the forum, but IMHO the most significant by far was the soft lifters. The lifters I've seen were chamfered on the bottom edge, but the edge of the chamfer was not broken, thus a sharp aggressive edge remained that contacted the cam lobe, and these soft lifters wore out quickly.
I purchased an NE5 with ~ 600 mi on it, optimistic that if I fixed the clutch, removed the IN restrictor, and advanced the cam it would be a nice rider. Unfortunately, when I took the engine apart the piston was scored badly from debris created when the lifters wore away.
No big deal, as pistons and boring are readily available parts and service, but if you could head this one off at the pass it would be worth your while.
You should pull the engine side cover and remove the cam so you can get a good look at the bottom face of the lifters. If the lifters are bad (soft), you'll readily see the wear and the lopsided bottom face that has worn unevenly and results in the lifter no longer rotating. If you see the above described damage the piston is likely scored and you're in the same boat I am for repair.
If you need new lifters, Quenton has them. In the alternative you can make 2 new lifters. Buy 2 new Whizzer lifters (assume they're soft) and 2 new Briggs & Stratton or Tecumseh tappets (from a 2-4 hp engine) having 1/4" stem size. Bring these components to your local engine shop and have them reduce the tappet head dia to ~ 1/2", drill out the body of the Whizzer lifter, ream to the size required to receive the modified tappet, and press the tappet into the lifter body. As usual it would likely be far more cost effective to purchase finished lifters from Quenton.
Regarding cam timing, the cam should to be advanced one tooth as the std factory installed position is too retarded. You'll realize a nice performance increase and the engine will be much happier. See the attached plot to understand how installing the cam in different positions alters cam timing. In my opinion the optimum cam timing would be to have the IN/EX crossover occur at TDC (in the plot, between the 1 and 2 tooth advanced data sets). This can be achieved by rotating the cam gear on the camshaft and measuring the result with a degree wheel. A few tries should get you right where you want it. If that is too much effort just advance it one tooth and you'll be happy with the result.
If you end up pulling the cam cover let us know what you see in there.
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