Made 3/13 /96. It's A Raptor I. It came with a weak rod and a weaker steel dipper. The aftermarket came up with a nylon dipper. But the rod was still only good to about 5000 RPM.
That is a steel bore, good, saves piston compatability issues. If you need to go that far, and your spare is the same.
The Raptor II, and III models had the one piece rod and dipper. Good to 7000 RPM, if the clearances are spot on.
Best bet would be a shiny new Arc billet rod. I have some NOS Raptor II/III rods. You can PM me if interested.
The cam, if someone didn't engrave some info, is a pig in a poke. If you were happy with the cam you could reuse it, it does appear to be worn. Aftermarket a DynoCams 94ss is a good choice. It's not a slapper cam, easy on the block.
http://www.tbrwins.com/catsearch/frsearch.mgi?mgiToken=944DEH33LI1IG15H0J1
Future build is dependent on how much money and how much knowledge your willing to put your time into gaining.
There are some good posts here on the Briggs flathead, as well as karting.4cycle.com. The Jimmy Glenn book post is worth reading at least 4 times, lol.
Are you racing this or just beating the crap out of it for fun? Not that racing isn't fun, but to be competitive you probably don't want to slap in the best parts you have and hope for the best. The brand new Raptors back in the day, even though raceable right out of the box were intended to be blueprinted and tweaked by engine builders.
Parts costs add up fast, machine work, ugh! Valve guides, seats, cylinder bore. Bearings, seals.
Your spare is pretty rusty. More pics please, lol.