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The cylinder & piston assembly is the same for the Twin Cooled & the air cooled. The Twin Cooled has a different head gasket & the heads are different of course.
Just a guess at best but here goes. I would say the design of the wet head is different and in course makes a smaller combustion chamber due to the fact that they had to run "coolant channels" thru the heads. hense the smaller chamber higher compression. Everything else seems to be the same.
I know where a set of wet and air 14 pull offs are. I will mic and see if can figure it out. All the wet would have to be is about .030" less deck height to get that and possibly even more.
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