Hey Fred:
They're ultra-cheap engines, with the piston running in the aluminum cylinder, no sleeve. Few got them working back in the day -- the joke was that they got broken in and worn out on the same flight.
I've always had a dream, on my long list of model aviation dreams (and my short list is too long for my remaining lifespan, BTW), to get one and rebuild it to decent quality standards -- basically machine it to decent tolerances and put in a sleeve -- then go fly.
They, and the ones like them, were known as slag engines back in the day.
It looks complete, though.