My little $299 Champion 1500W quit at night a couple of weeks ago. Funny, because I had just changed the oil and it barely used any before.
I went out and Filled the Oil thinking it was Low, nothing. Switched over to the 4500w and finished the movie, shut it of and went to bed.
Next day, I tried again to start it, found no compression after removing the Plug. So i tore it down to see if a Stuck/Burnt Valve might be happening, nothing.
There was a lot of Carbon built up, cleaned it up, bolted back together. Cleaned the Spark Arrestor, poured some gas in the plug hole. It would sputter but still Very Low Compression (Thumb over the hole).
Next weekend, New Plug in hand, I filled the Combustion Chamber with Carb Cleaner let it sit 15 minutes, Pulled a couple of times, pop, my thumb would get blown out of the Plug Hole. Screwed the Plug in and it started, smoking heavily. Held it on the Governor for a bit to clean out my Cleanings, shut it down, added New Oil, Boom it started again. But smoked heavy. Ran for 1/2 hour and checked the oil, added (it was real low). Fired it up again and went in to watch a movie.
Looked out a few times smoke pouring out of it. Movie was done 1 1/2hrs, I went out to refill the oil, and it was running Clean and Clear. As it is today without burning any oil.
The rings must have been Stuck, the Combustion Chamber cleaning and Carb Cleaner, hard run on the Gov, must have loosen them out. Runs just like New with 1650 hours on it.