Bruce N.,
I hear your caution about smashing the gears and getting pieces everywhere.
Brendan B.,
Last night, I remembered I have a "blown up" K301 in a pail in a box in the corner; so I dragged it out to inspect it with my new-to-me knowledge. Sure enough - it had the lower balance gear blow up and it took out the upper balance gear teeth, broke the connecting rod, messed up the crank journal, and punched a hole through the aluminum oil pan! Closer inspection indicates to me that the upper gear probably could be left in, but it would still be there to spin via the crank gear. Now maybe the upper gear isn't the one prone to exploding - I don't know. I think if I was that close, I'd remove it - just to be safe. I can see, however, that I would have to get a long-reach, right angle C-clip tool, as my C-clip tool doesn't have a long enough reach to get to it to remove it.
Dennis F.,
I believe your thoughts are correct regarding the dipstick placement serving as a sign to determine whether or not the engine has balance gears. Reason being, when the dipstick is located at the top of the block on the RH side, it passes the dipstick right through the space where the gears would need to be. So, NO balance gears if you have a dipstick located on the top of the block. Now if you have a dipstick on the LH side, near the cam cover, this would allow for balance gears to be inside the block, so they may or may not be inside.
Now back to my engine I was worried about when I first posted this question: Sure enough, it (Serial# C062929, Model# K301AS, Spec# 47138B, riveted plate, dipstick on top of block) did NOT have the balance gears inside!! Yaaah!
So, a good cleaning of the inside of the oil pan, a new oil pan gasket with a touch of never-seize on both sides and the pan was replaced. A touch of blue loctite on the four cleaned attaching bolts and torqued in a X sequence to 40ft#s, and now all is well in the neighborhood!
Thanks to EVERYONE that provided some input, advice, thoughts and ideas!
Have I said lately just how this is a GREAT cub site?!
Ryan Wilke