For the time being, I've swapped motors from the Magnum .36 to a Len Neuman modified FP35. Using the same fuel the FP35 doesn't have the burp that the Magnum did.
When time permits, I'll try the Magnum with less oil to see if it's over cooling. I typically don't run muffler pressure, but I did try both the tongue muffler and a Scott Dinger tube muffler, no difference between the mufflers, so I can probably rule out a backpressure issue.
Thanks for all the suggestions, when I have the chance, I'll try less lube in the fuel, a different tank (currently an older GRW hard tank), rotating the spray bar a little, and try another plug, although not all at the same time.