a recent owner to a vintage sportwin 10hp model 10012. The previous owner told me that the motor had new water pump, plugs, carb, coils recently replaced. I took out last weekend for first time. Pressure tank that came with motor. I replaced the dual line and replaced the O rings. Put fresh gas/oil 24:1. Started fine but ran a bit rough at first. Adjusted high speed needle to 4 and it seem to run fine at WOT. The next day ran ok but noticed a bit more rough running. idled down and adjust low speed and that seemed to be ok. Then WOT for 15 to 1/2 hr but started to run rough again and miss so I headed back to dock and put on trailer. Later that day I noticed a white-ish oily substance coming out of exhaust port. Enough that it pooled under motor on the ground. Any suggestions....did the head gasket go? Any help would be appreciated. Thanks William