At issue is running with the governor. The throttle does not react quickly enough, and the motor will stall if I set a decent engine speed and attempt to split anything heavy. If I connect the throttle cable directly to the carb butterfly, I can open the throttle, and have adeqate power, but then I need 3 or 4 hands to operate the splitter (one or two for the log, one to operate the spool valve, and yet another to modulate the throttle).
Of course, if I run WOT, the motor screams when it's not under load -- probably running over 5000 rpm, which is way too hard on that stock motor. If I do that too much, one day I will probably throw the rod.
The governor is operating, and it will compensate for small changes in load, but it does not throttle-up fast enough for a bigger load.
If it matters, I am in Western New York (near Buffalo, so we occasionally get below 0F in winter, and have never hit 100F at the airport weather station on the hottest summers.

Any ideas?