I would try putting it back together right and running it. If it dont use any oil/no smoke,knocks,etc... Keep it and run it with the governor guts installed but over ride it like I did. I never looked into removing the guts so Im not sure about the gear splashing oil but could be possible. I know ponys are ponys but I dont think it would be that much of an increase in hp with the gear removed anyway. Obviously extra weight spinning will take some but I dont think its anything substantial.