G'day
KyeI think you have answered your own questioning.
The Pace 125cc engine is really a myth [unless new evidence turns up].
Pace never had the resources to develop their own engine [maybe].
Because Victa's takeover of Pace in 1959 was secretive (as you suggest),
the Pace 125 engine was born. I guess this is where the myth started...
It would not have had 'Victa' on the crankcase because the Pace
engine was - perhaps more correctly' a
'Tiger' - or if you like,
one of the
Victa Industrial engines. These did not carry
the 'Victa' brand. Quite silly really.
Note the carby side on the MK3 Industrial ...
See:
https://www.outdoorking-forum.com.au/forum/ubbthreads.php?ubb=showflat&Number=52936#Post52936Here is a close-up of the crankcase:-
I have no idea whether Victa used a different numbering system
for Pace in particular, or for the industrial engines in general.
What is of particular interest to me is that Victa were selling
their engines to other manufacturers earlier than previously thought.
[I mean way before the Pace takeover.]
In any case, what you have proposed here is an
explanation for the
myth of the Pace engine. Very Commendable!
------------------------
Jack