It simply means that the engine is running off of #4, but #1 is not doing anything.
When you use the started fluid, it is taking the place of any gas in the bike. That's why I use it- to see if the cylinder is ready to run, but just isn't getting gas.
Do you have an inductive timing light? I'm not interested in the timing, I want to make sure the #1 cylinder is still firing under compression. Also, if you have enough length on the spark plug wires, just for grins, you might switch the wire going to 1 with the one going to 4.
Do we know that spark plug in #1 is a good one? If you have another, you might want to switch it, or just swap the #4 plug to #1 (as we know that one is working)