Took delivery of the engine on Friday... O-360-A1A - 3742 TT 2031 SMOH Stared with a basic compression check... COLD #1 76/80 #2 74/80 #3 74/80 #4 75/80... Top side seemd solid. Checked mag timing... checked right on. Checked the prop flange runout... .004... service limits Max .005 so not bad. Began to disassemble and inspect the overall condition. Removed the Mag's and checked internal timing... 274 Hours TT Removed Carb... Visual inspection was OK...