Turned out it was my testing apparatus that was leaking. It's a plumbing sleeve over the exhaust stub with a big pill bottle shoved in. I coated the pill bottle with RTV. The case held 5 lbs of pressure perfectly for a half hour before the pill bottle blew out of the plumbing sleeve. Calling that good. Couple odds and ends to put on and it goes on the Stella for some test riding.
This was my budget engine build: Reused the old crank after a polish because it measured out just fine. Honed the barrel and it measured out too. Gear stack didn't require shims. Smoothed out the rotary pad with some JB, though it ran fine with the scoring it had. New bearings, seals, gaskets, cruciform and a set of big fat rings. Factory squish a carpenter could measure.
I just have to finish the sanding on the P200 frame and will build it up over the winter. Hoping it will be my by-the-book, minimal tinker time, first kick, stock plodder ride when I don't want to wrench on the Stella.