No need to pull the valve cover and back off the valves or anything, just remove the sidecover and take out the governor parts. You do need to remove the flywheel and use some type of cold chisel with a point on it to knock out the pin that holds on the governor gear, then remove the gear from the pin, and knock the pin back into the hole it came out of, to keep the block sealed and from leaking oil. Also, you will need to tap out the hole on top of the block once you remove the governor shaft and thread a screw or something into it so it doesnt leak either. I have seen some guys use that top hole as a pulse for the fuel pump, and put a fitting in the hole to attatch the pulse line hose to it. That is a good idea if you dont want to just tap it and put a bolt in it. I would also remove the oil sensor that is located at the bottom of the block, with 2 bolts holding it in, and just plug the hole where the oil switch wire runs out the front of the block by using a nail or something like that and some glue. What i did was took out the oil sensor plug at the front of the block and threaded a short bolt into the hole and used red loctite to keep the bolt snug in place so it doesnt work its way loose with the engine vibration and fall out, causing you to run the engine dry on oil. Removing the governor parts and oil switch can all be done in less than 20 minutes. You just need a new sidecover gasket, you might not even need that if you have never pulled the sidecover off before.