The link to the governor arm on the bottom....was that arm in that hole originally? It has been a long time since I worked on a Tecumseh. But there is supposed to be some slack, but when the engine speeds up, the spring should start tightening up so that the governor can slow down the engine. If you didn't mess with the governor before, I wouldn't mess with it unless you know how to adjust the governor, otherwise you will grenade your engine if you are not correct.