Take off the S/G belt and move the PTO arm out of the way. That's where the rope goes.
I think it doesn't matter cause you are determined to rebuild the engine.
There is no point to a compression test if you don't at least check the head gasket. It's a common thing that gives trouble. It only takes a little while and gives a chance to scrape the carbon and inspect the valves and cylinder.
But it's your machine so do what you see fit.
__________________
Terry
O,100,72,102,123,104,124,105
125,129,149,1200,982
(2)2182s w/60in Habans
3225
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