I've seen worse. Strip it all down, take the piston, rod, crankshaft and front bearing (if there is one. I know its a bushing in the rear) and soak it all in nito fuel for a day or two and then take a brass brush and scrub all the parts down real good.
So the engine was gummed up, you did a complete tear down and cleaning, put it back together and now it runs but it runs like crap? Did I understand correctly? Sorry the details are a little fuzzy to me.
Define running like crap.
Engine bearings are a bit different though, especially the rear bearing as it doesn't have shielding. Its been a long time since I've been in a nitro engine but I dont believe the back of the front bearing has any shielding either IIRC
I agree, replace the bearing. Generally once the front bearing starts leaking that means its going bad. Id probably go ahead and replace the rear bearing too if you can find it.