Thank you both.
Yes, I recall your ignition suggestion and I did it!
The capacitor is a new one, well, a year older now, but fresh.
I have also tried fuel for a petrol powered chain saw that is more than 100 octane, didn't start at all!
I have thinned out the oil to 30:1 which is quite weak, BUT...
When the engine get flooded by the rich mix the lower case starts to fill. After each run it makes (about 45 seconds) I remove the plug and wash the wet mix off using a shot of brake cleaner aerosol. I also remove the lower drain and the mix will trickle out (or pour out) and it is always black. Never clear or green like the fuel supply.
I either have a VERY clean crank or the primary seals have dissolved/are dissolving.
This will be my next check while waiting for the drills to arrive late next week.
I can pressurise the lower case via the inlet and listen for hissing.
If the lower compression is weak then I have another problem.
Having said this, it would not affect the mixture but would effect the draw through the carb.
Murdo: indeed, it is a nut to be cracked and I'm trying as hard as I might. My enthusiasm waxes and wains as I'm sure you all understand.
Have to walk away at times or that blow torch will be used to full effect.