Interesting item. Would like to see what’s behind the shield on the port side. It seems to have a timer driven by a pair of spur gears, so what’s the purpose of the bevel gears and vertical shaft behind the flywheel? Is there a water pump anywhere?
On looking again maybe that "timer" is a gear pump and the vertical shaft is for a missing timer–as in both restored engines.
Would usually expect a plunger pump on something of this vintage, but…..