Hard to say about repairs. I got the thing when it was being tossed out by its original owner at the local transfer station maybe four years ago. The guy said it would not run and he couldn't fix it. The issue was a clogged main jet and I had it running in less than an hour. I'm pretty certain that this was a guy who was not going to take on a replacement of the sump gasket or even do a bondo job to some leak.
I'm not sure exactly when I first noticed the oil leaking. I used it hard one day (I mow the woods with it) and it started to knock badly. I shut it down and checked the oil - none on the stick and it took a bunch. Since then, I've regularly had to top it up. The valve cover/breather is brand new and I sealed it with Permatex in addition to a new gasket. I'm certain that is not the source of the leak though the oil appears right under there. Take a look a this video
, about 4:20 in. I think this is my issue. the sump gasket has failed in the area under the cylinder. Now I'm wondering, should I fix it with a new gasket or use a good gasket sealer? Clearly the stock gasket, which is just paper, is not so good.