Wow ....I don't know where to start.
Oh, Get a workshop manual now. Not kidding.
OK... The sticking malfunctioning throttle.
If you do not get that solved it could get you killed.
Take the tank off and CAREFULLY observe the throttle as it is opening and closing.
Check the cables from throttle to carb. IT could have a broken strand and that strand that is broke is getting hung up.
Remove the screws on the throttle housing and inspect the throttle cable as you open the throttle. The cable almost never breaks at the carb because the cable is pulling in a straight line.
CSI will not come investigate and find out after extensive investigation that your throttle had a broken strand and was hanging up. The newspaper story will just say," motorcyclist killed." LOL...lol
Next
QUOTE:
"i managed to get spark to that cylinder, but its still not firing."
i am getting fuel to the carb, but not sure if the fuel is getting to the cylinder. "
"my heart says its a fuel/carb issue. "
Leave your heart out of this. Engines have no heart.
First the spark. Take a clamp on timing light and clamp it on to each spark plug wire while it is idling that will tell you for certain if it is "getting spark".
Make sure the timing light is showing a consistent spark.
If not Install NEW points and condensors. You cannot adjust old points.
I do not want to take the time to explain all of that right now.
To properly work on the carbs they must be taken off of the motorcycle.
Otherwise you will strip screws and frustrate yourself to death.
You do NOT need to take the carbs all apart.
But you will need to remove the float bowls with a #2 phillips screw driver.
You need to make sure the idle jets are clean.
You did not tell us if the bike will idle correctly.(doubt it, since you said Cylinder #1 was cold.)
There are no "flutter valves ." Those are called butterfly valves.
Sometimes butterfly valves are used as a choke to cut off air.
Sometimes butterfly valves are used as a throttle and control vacuum.
Also: When members suggest cleaning the idle jet with a guitar string it has to be the right size guitar string. The smallest steel guitar(electric) is .009 thousandths so if the hole in the jet is smaller than .009 it will not work. So if the jet number (stamped on the jet) says #25 that is .25mm and if you go to google and type in mm=inches you will get a conversion chart that will show you how many thousandths that is.
It is ??.....009 thousandths! So that would not work unless the jet is larger than a #25(.25mm) right?
See what i mean?