Oh man, painful story, but I know how you feel. I had a newer Simplicity with faulty OHVs, but it took several trips to the shop to figure it out. So frustrating, but I think you're on the right track with your JD. IMO a solid piece like that is worth keeping it going. Hope it works out for you.
RE: F*ck my Old Lawnmower....and my New one too!