I have 40 restored 1970s minibikes in my garage. Except for 3 with predators (a chopper, and two Fox 16" wheel models), they are *all* using rebuilt Tecumseh HS40 or HS50 engines with a torque converter. I would say less than 5 of those were original "mini bike" motors (survivors.) So that's over 30 Tecumseh motors, that formerly were snowblowers (mostly HS50). I've played around with all the options in carbs, cams, ball bearing side covers, honing, boring, clutch, you name it. I've dicked around with all this stuff trying to figure out what is worth the money, and what is not. I've come to this conclusion...
the HS50 tecumseh is the best motor in the tecumseh line. It's readily available, and parts are generally out there. I don't work with H35 motors (because it's the same cost to rebuild one of those, and no billet rod available, and damn it's just 3.5 hp!) I don't mess with H50 motors either (harder to get parts, no billet rod available, and it's stupid BIG and heavy.) Generally I don't mess with HS40 engines either. Though the HS40 motors do have enough power for my fat ass, i just prefer the HS50 motor (if given a choice.) Old 1970s and 1980s snowblowers are easy picking up here in michigan, and are generally lightly used. They are an excellent core if you want that original Tecumseh mini bike look. And with some minor tweaks, they run damn well and can (almost) compete with those stupid (stockish) predator motors. And if you want to make an HS50 look like a 1968-1972 HS40, it is do-able for a reasonable amount of up-charge in parts.
Again i stay away from H50 motors. They are just too wide. Put an HS50 motor in something that had a H50 motor, and you'll end up with that 'look' (still), but a better handling and more comfortable mini bike. at least that's my experience with that motor.