OK, this is what it is. It's an OS Max-S 35 engine, made for r/c. The "throttle" is simply a baffle the goes over the exhaust, and obstructs the exhaust port to slow the engine down. It's very clean, and I have the original box and instructions, which are a bit yellowed with age. There is no actual model number on it other then max-s. The instructions also don't give model or serial other then Max-s 35. The box says S35/R.C. No idea at all how old it is, or how much it's been run.
I searched their website, and the closest I could get to this was a Max 40 that has been discontinued. I did a bit of research and it looks like these were in production about 35-40 years ago, people talk about using these in the last '60s. (is this thing really that old?).
Questions:
Can I remove the throttle and use it on a control line plane? Is there any way to tell how old or how many hours are on the engine without taking it apart and measuring clearences?