With suggestions from the seller, hubby got out his handy dandy Dremel tool and sanded down the mouth of the wheel where the flyer/bobbin assembly rests. IT WORKED !!!! The drag on the orifice assembly against the opening was preventing it from turning. After a bit of smoothing and sanding the hole down to open it up a little more, the flyer turned and took up the lead yarn perfectly!
I am soooooo excited! It spins perfectly!!! I am going to get some tung oil to seal and finish the wheel and am going to spins myself silly this week!!