LOL. I think a new armature is the way to go, but I will swap out the armature first. Thanks for all you advise. Will let you know how I make out.
Doug at PortLines lists the later DC armature, XA10476 after OCT. 1949 which can be used in the earlier date stamped 332's providing you use a spacer. Might be worth a phone call, Doug is very helpful and $49 is reasonable IMHO.
Michael e, Sid, mopac, am flyer, gunrunner John, panther, and Cramden. Thank you all for your input.I ended up purchasing a new armature from port line hobbies. That did the trick. My 332 now runs great.