You are right about ease of working on. You can do just about anything short of a crankshaft replacement with the engine mounted. While its down check the head and base gaskets. Both of mine had the gaskets shuffled around, and had extras as I remember under the head. Its back in the thread somewhere. The gaskets were of poor quality and I replaced them with OEM VSX gaskets. If all is well with the top end, spark, carb etc. look maybe for a crankcase leak. Also the CDI type ignition will make spark with the flywheel in any position, check for a missing key maybe. I advise slosh sealing the tank as they are rusters as are.