Chain stretch does not correspond to your sudden onset of problem symptoms after fuel flooding?
Chain stretch is a wear out failure over a long time, & usually last the life of the engine in the K11.
Easily confirmed by;
- scattered ignition timing observed with strobe timing light.
- Vacuum gauge engine condition testing; see links for valve timing via vacuum.
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http://www.mgaroadster.co.uk/Technical_Information/Suck It And See.pdf
Both tests can be done in 30 minuets total.
Specifically, read/ vacuum gauge test no.10, at the bottom of page "Suck It AND See"