I forget exactly which of the electric doodads it is on the carb, but you can check out the solenoid for power as well. It should get juice while the motor is running, and none when it is off. The choke works the same way.
Autos had a couple things different, like no coasting richer solenoid on the carb. If the carb is original, you probably only have the anti-diesel solenoid on it.
You can also back the idle down a bit and see if that helps. If it is too fast it will make the problem worse. It would not hurt to adjust the idle mixture as well and make sure it is dialed in.
Whatever the exact cause, you are getting too much gas after it is shut off, and it is managing to ignite itself. Cut off the excess fuel flowing in after shut down is one way to solve it. Raising the octane of the gas is another (makes it less apt to self ignite)
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