Hi aldot. I'm probably the wrong person to comment on your welding, since the comments I receive on mine are by no means encouraging. However I would say it is very neat but the current was too low so it lacks penetration. Nevertheless if you welded both sides it should be more than adequate, and look good as well. The main requirement for that longitudinal link is that the distance between the holes at the ends of it must be exactly the same as on the original link, so that the ride heights of the front and rear of the mower are the same as each other.
The Honda GXV160 engine should be quite reliable. It is, of course, disproportionately heavy compared with the GXV140, and it is almost certain to have been made in China while the GXV140 was made only in the US. Perhaps more importantly (to me), the GXV160 has lower horsepower per litre of displacement, compared with the GXV140. It had 33.7 hp per litre, where the GXV140 had 37.0. The GXV140 weighed 11.3 kg, compared with the GXV160's 13.8 kg. Essentially, with the GXV160 you only get 0.5 hp (10%) more power than the GXV140 had, for 22% more weight.
Whether the OHV Honda engines are significantly better than the side-valve Briggs engines depends on what is important to you. Essentially, in my experience the Hondas fire more consistently (I've trained my younger daughter so she, like me, can tell one from the other at about 100 metres distance without seeing the mower), use substantially less fuel for the same power output, last quite a bit longer, leak less oil, start more easily, seem less prone to getting bent out of shape when you push them under low branches, but weigh substantially more. They also cost substantially more, of course, and genuine Honda spare parts are rather expensive. As I posted recently in another thread, running a Honda mower engine instead of a Briggs is like driving a BMW instead of a Holden: it does exactly the same job, but many people enjoy the driving experience more. Notice that I've only commented on the OHV Hondas, and carefully refrained from expressing my opinion on the OHC Hondas, in case I offended somebody or broke the keys on my computer.
Having expressed my opinion on the OHV Honda versus side valve Briggs question, I'll comment similarly on the Honda mower base compared with its competitors. I have found, so far, that the Honda single-lever-height-adjuster bases, which appear to be manufactured, rather badly, in Australia, are no better than the aluminium bases on many other, much cheaper mowers. I won't say that of the original Japanese 4 height-lever Honda bases, which in my experience are very well made, surprisingly durable, very heavy, and a bit of a pain to use for several reasons. (I've modified mine to overcome some of the pain issues, but it's still heavy, and it still takes 4 times as long to make a height change.)
I think you'll probably find your Viking/Honda a nicer mower than it was when it was a Viking/Briggs. However if you'd put a GXV140 on it, it might have been as nice as my Honda HRU195, which is a true BMW among mowers. Unfortunately I believe the GXV140 went out of production in 2001, so Chinese GXV160s are now the only game in town.