it's quite old. has a dyna start system on it by the look of things (works as a dynamo used to charge a battery, but also used as a starter motor )
theyve been useing internal genorators for meany years now and dedicated starter motors, often inertia type but on heavy duity units pre engadged can oftn be found.
the exposed tip of the plug also puts it as been quite old, its s short to stop engine. meanaing you push the metal tab ontot the plug to sort it out and stop it, thats not been allowed for meany years now ( as they can give you a bloody big shock )
engne says it's rated at 8 hp but only 3 kva so thats a bit pants.
you'll need to trefresh the wireing on the genorator side but no reason why the genorator itelf won't work.
as for the engine, that vintage had contact point behind the flywheel they hardl ever wear out but will looking at the general state of the rest of it need a good clean and resetting ( good luck getting flywheel off ) carb will need striping and cleaning.
shove some oil down the plug and see if it'll turn, then if it has compresssion.
as a genorator id say not worth it you can buy honda knock offs for not a lot of money for light duites, but a hevy duity horisontal cranck station engine is usefull for meany things, alolways looking for those with more than 3hp
