Okay, I got a lot of things going better, and am stuck with something.
The starter works beautifully, so do glow plugs.
There is a white OVERSPEED button on the engine, whose purpose is unclear to me.
The engine would start any time I would depress the OVERSPEED button. It runs for as long as I press the button, producing menacing diesely sounds and white smoke. As soon as I release the OVERSPEED button, the engine stops.
My supposition is that the overspeed button is linked to the governor/flyballs etc, and is designed to act to stop the engine if it detects overspeeding. For some reason, I suspect, this system is not working properly and engages when it should not engage. Maybe something is simply stuck from decades in storage and need to be unstuck. (like the "governor arm" or whatever.
I also suspect that it was related to the rattling noise coming from solenoid pictured here:
Any thoughts? This does not sound normal and I would not let my engine run for more than 15-20 seconds. Not even enough time to test the genset with a voltmeter and a kill-a-watt.
i