Remove the bearings ASAP and replace them with stainless steel ones from Boca Bearing. On the main, remove shields(if they exist), remove factory grease and lube with Mobil 1. On the front, remove the shield facing the engine internals and do the same.
My experience with this engine is from SPA R/C Pattern on a Dirty Birdy 60. Despite liberal use of afterrun and running it dry after each session, the bearings rusted after 17 flights and the piston & liner were ruined.
It is a fine, powerful motor overall and I recommend at least 15% Nitro with 18 % oil. The ideal oil ratio is 15% synthetic, 3% castor.
Run it bone dry after each session and use lots of afterrun oil.