Careful of a long muffler hanging off the unit; people have reported cracks in the manifold when hanging stuff off there. If you want a muffler, it's best to mount it solidly somewhere, and use a piece of flex between the generator output and the muffler.
No, it's not possible for it to run if you've got the IP timed on the wrong TDC; my initial though was that this was a possible cause for it not running once you had replaced the pump, since you seemed to have not been aware of the requirement to be certain the valves were closed when approaching the PC mark on the flywheel. Since it's running, you're all set - but the comment might help someone in the future looking at the thread.
As for fabbing the ASK, I suspect it's just too much work (at least it is for me). The chances of finding a kit by itself are just about zero - since anyone with a kit or a parts unit that had the ASK installed would transfer it to another genset.
They are loud, but once inside the house - provided the house is closed up - it's not too bad. There's a lot of noise from the engine itself and the blowers for the engine and generator head - and that's what the ASK helps with. The exhaust really isn't all that loud even without a muffler.