Right yeah, RG's eh.
The 'metal box' in your diagram is the piston barrel/cylinder. There is a small box cast into it at the front, thats the powervalve housing. The hose that was full of muck is your powervalve breather pipe as was mentioned. It should have a nipple on the box that it connects to (these often break, i've got a custom bracket holding mine in place). It has a plastic ball down the line yeah.
It prevents you getting oil gunk blown out over your radiator.
The 'loose wire' you mentioned is for your temp guage, this doesn't need to be attached since the temp guage on an RG is essentially useless anyhow haha.
You should go and get a DSE digital thermometer for it like this:
http://www.dse.co.nz/cgi-bin/dse.sto...uct/View/Y5007
attach the meter just under the keyhole with the velcro provided, and put the external sensor on to the top of the powervalve box (the square off the metal thing

) It'll give you a good indication of how hot/cold the bikes really running.
Don't push the 2stroke hard when it's cold, thats how you ruin the longevity of them. Also use fully syth quality 2-stroke oil (like castrol TTS).
Get your powervalves checked and adjusted (they can wear down and cause big $$, as I know) by whoever looks after streetstock races up north (mostly RG's in that class), down in chch Oyster from KB knows the bikes inside out and back to front and services pretty much all of them.
Oh yeah, that picture you put up of the old plug ... it doesn't look like it has the middle bit (electrode), has it snapped off? that'll make the gap waay too big for the spark to be produced and thus it won't run using that plug.
As for hand tight, thats not going to stop it starting - plugs have a crush ring on them that provides a seal that would be good enough to start the 150 even hand tight (now if it was just loose in the hole thats another matter). If you don't think its hauling butt like it should after about 8k rpm then you should get it checked out.
My RG's cost me a fair bit to look after (as in more than I paid for it!) but thats because It's had high KM's for a 2-stroke (like 50,000km) and I do ride it pretty hard (after warming up etc). Have had it rebuilt and new powervalves etc hehe. Great wee bikes, if you get one with lower km's than mine.
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