Have you tried putting a Tsp of gas in each cylinder and putting plugs back. It might need a little prime.
I think your valves are not set right or sticking.
Chuck C
Agree on the valves but I was trying not to change too much before I got it running. It ran pretty well with the "gas blowback" from the carb before I had to get the mag rebuilt. I can try a spoonful of gas in each cylinder - I've never had to resort to that. Once I got it running I was going to check the valve adjustment - but maybe this is now too far out to get it started.
Pull valve covers and check for tight valves or valves that aren't closing completely. Prime with plenty amount of gas before cranking. They are rather thirsty. They should have primer cups if I recall.
Pull valve covers and check for tight valves or valves that aren't closing completely. Prime with plenty amount of gas before cranking. They are rather thirsty. They should have primer cups if I recall.