RE: What to do with this engine?
Phil,
The Veco is an excellent engine. I think the selling point of that series was TCC - Temperature Controlled Clearance. Although they were not the only engine to use taper, it was a good advertising point.
The reason they were not used as much is that they had to compete with McCoy's prices, and Fox, K&B, and Johnson's contest wins, etc.
It should run well in a wet 2-cycle. I don't believe it will do the 4-2 break like a Fox.
If not already broken in, I would heat cycle it for a few runs. It should be a short break in because of the TCC.
I have a .35 and a few .19's.
George