Yes I think your sort of right there Rolla I don't think it is the original engine due to the date but the horsepower (More the colour I thought they were all the red engines)for these models.That is right size engine as it is the 720104 which did come out with a Briggs 3.5HP. The 720155 had a 4HP and the one your thinking of was the 720260 which had the 5HP Briggs,but it was the larger engine type of 5HP.
Here is a clip from a sales brochure I found.
Yours is the model on the left hand side.
![[Linked Image]](https://www.outdoorking-forum.com.au/forum/uploads/usergals/2014/04/full-5048-16318-untitled.jpg)
Here is some pictures of a 520 and 720 I had.
520 on the left 720 on the right.
![[Linked Image]](https://www.outdoorking-forum.com.au/forum/uploads/usergals/2014/04/full-5048-16319-100_1939.jpg)
![[Linked Image]](https://www.outdoorking-forum.com.au/forum/uploads/usergals/2014/04/full-5048-16320-100_1940.jpg)
720 with 3.5HP Briggs
![[Linked Image]](https://www.outdoorking-forum.com.au/forum/uploads/usergals/2014/04/full-5048-16321-100_1947.jpg)
520 also with 3.5HP Briggs
![[Linked Image]](https://www.outdoorking-forum.com.au/forum/uploads/usergals/2014/04/full-5048-16322-100_1948.jpg)
Now I'm not 100% sure but the 520 took over from the 720 however I'm fairly sure they did run side by side for a few years first.Maybe somebody out there has some other paper work to support my theory.