My K241 is about 40 years old +/- a few, and is on a Lincoln Weldanpower 150. Recently the engine has begun to miss during WOT operation. I'm certain it's not sticking valve(s). I rebuilt the carb, no change, and replaced points, condenser and spark plug. That helped out a lot with start up. Fuel pump maintains 3 psi at any rpm missing or not. Pretty basic engine, but the miss has me stumped, and its not a light miss, but rather catastrophic in nature. This miss only occurs once the engine reaches normal operating temperature. Once this miss begins, I can't get the engine above 2000 rpm without it missing. I finally put a spark plug ignition tester on it. Once the miss begins, spark is intermittent from bright to very dim in the tester. At this point, it's my belief there is a problem with the magneto or wires, which is/are beneath or under the flywheel. I suspect a bad wire which may be broken allowing the miss to happen once it begins to near normal operating temperature. I have yet to check for a bad/broken wire yet. Any other suggestions that anyone can give me would be welcomed. Rather anyone responds or not, I will continue to work through this issue until solved and will post my results once finished. As simple as this engine is, it's being a pain. One last question, is there an air gap setting for the magneto under the flywheel? I suspect it could be a fix setting and not adjustable. I cannot find a spec or setting for this in my service manual. Also, the ends of the magneto and the magnets are free of rust. Thanks for any information anyone sends my way.