Hi Lee,
Although the (kindly) provided Wizard 1949-1954 WF4/WG4 parts illustrations will be helpful with some components, there are however some differences in the cowl, exhaust, mid-section, and the magneto (totally different). The lower unit does have bushing bearings, the powerhead does have needle bearings through-out (as pictured). Crankshaft oil seals may be wise to replace.
Regards,
Joe