Well a lot of help has come from this page and it paid off yesterday. I bought a 235 (full pressure) for $50 Got really lucky. So my 46 is basically a rolling chasis and engine. With a gas can and some patience It started and ran and ran and ran. I let it get good and warm, shut it down and rechecked the compression and they were all around 125 or so. Sounds like the story of it was running when I pulled it out was true.
Thanks again
Brian