After the overhaul new carb and new coil it still doesn't get you to riding it. May have to bite the bullet and take it in to a shop. I understand your fear of the $ but at some point it may be necessary. I'm older now but spent a lot of money tryin to figure things out. Don't take this wrong and I'd really like to see you get this thing going.

 

Well it is looking like this is an electrical component issue. I replaced the Ignition coil, after that being suggested, but that did not make a difference. Then I decided that I should maybe start testing something's. I tested the Pick-up coil and the Source coil and both where way out of compliance. I am hoping that the new Stator that I ordered will fix this issue, if not that leaves one thing left where the issue could be and that would be the CDI unit, unfortunately there is no way to test this. So I am hoping the new Stator will fix the issue, else I will have to find a CDI Unit.