JD Terry,
Yeah, that was me who first brought it up. If you leave them out (providing you don't have a rubber boot-mounted engine), you'll probably never notice anything unless the engine is at a low idle. It'll have a little more vibration then, but that's it.
I'm with Terry on his summary of keeping them in- They can be a pain to time/shim/install, but don't let that be the reason you leave them out. Most people who leave them out are the ones who have seen what they do if something goes wrong with them. They've earned the nickname among pullers of "grenade gears", among other things.
I have know people who have put them back in and had absolutely no problems whatsoever afterward- for years literally. After all, Kohler engineered them to serve a purpose. BUT, I have seen what they do when they have some wear, or a bearing in them lets go. They will utterly destroy your engine, unless you're lucky enough to have them fail during startup.
It's personal preference, and I apologize if my previous post made it sound like an inevitable problem. Like Terry said, if everything checks out, and you get the timing right, you should be fine. They should function for another 30 years. Just be SURE everything checks out.
And if they are in need of replacement- I have a set I will give you. They are holding a manual in place on the shelf at the moment...
Kevin