After this pic was taken, we got the header/exhaust on, swapped in a new rear sprocket (to match the 550 tranny ratios), and actually heard it run!
I kicked it over 40-50 times but couldn't get the oil ight to go off. I tried it with the starter/kill switch on, and after maybe two coughs, she came to life! Oil light went out, no death rattles, no smoke, no leaks.....YAY!
However, success was brief. I couldn't get the advance to retard enough. I was swapping over my Pamco from the 500, but using the advance mechanism on the 550. I pulled the 500 advance and it turns out that I had a loose spring on the 550 advance.
That would have been an easy swap, but I'm afraid I may have damged something when making the swap. I no longer have spark on 2/3. It was running on all four before. What REALLY sucks is that I can't trouble shoot to see if it's power, the coils or the Pamco because my cheap, P.O.S. Harbor Freight multi-meter is just that (and now has a new home in the trash can) and my "good" multi-meter has a dead battery! Aaaaargh!!
I'll get a battery tonight and hopefully do some trouble shooting tomorrow. I was thiiiiiiiis close to taking a test ride!