Yes i pulled the number 4 plug and as you stated put it next to metal and yep spark, so im thinking its a gas issue.
The fella i bought the bike from said it had been sitting for several years. So im suspecting the dregraded fuel in the system is reaking havoc on me getting her to run. I have no experience with the points thing but will find them and attempt to clean them up as 754 suggested.
Any of you guys make house calls?