increase hp on 1955

How much hp do you want? How far do you want to take the engine apart to gain some power? First off I would make sure your engine has the one piece wrist pin bushings and 12 point rod bolts or your block will end up like this:
http://search.yesterdaystractors.com/cgi-bin/viewit.cgi?bd=oliver&th=110754

Make sure the valves are set at the proper protrusion. You can start by turning the allen screw in the pump clockwise in small increments. Have you o-ringed the head? This will help eliminate had gasket issues as power is increased.
 
I love that picture. Anytime someone posts about turning up the wick, adding a turbo, etc., we need reply by simply posting that image.
 
I ran one for 20 some years at 120hp and that's about the most I would want to run at one at for farm use, for pulling a person could run them at a higher hp.
 
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