" There are no strangers here; Only friends you haven't yet met." -William Butler Yeats
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It certainly looks like a spring compressor of some kind, but if automotive could you do so with a wingnut?
Side Valve - eh I used to own a BSA M21 motorbike with one of those, when it used to kick back when you started it almost broke your leg !!
Still in production (BSA M21) no wonder the british motorcycle industry failed.