I'd static time it and drop it in the tractor.
If it has been properly assembled, there's not much you can do while it's on the bench that you can't do once it's SAFELY installed.
If its static timed and the points and plug are clean, with fuel it should be running darn near before you can let go of the key.
I've rebuilt several engines and about to reassemble one for my 1650.
Have never felt the need to bench test one yet.
Just more work for no gain
Oh, one more thing DON'T FORGET THE OIL!!!
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