You didn't mention if you did a carb sync. The engine will usually run on just a bench sync but will display the high idle and chain slap noise. Make sure the timing and points are set properly. Valves and timing chain tension are set. Then do a vacuum sync and you should be good to go.
I have not done a vaccume sync yet as my guage is broken. Going to make a home made unit over the next day or so. As far as ignition goes I found 2 bad advancers one had springs so weak it went straight to full advance with little effort. The other had 1 bad spring.
So far I have done the following and each thing is bringing progess.
1. Put stock pilot jets back in.
2. Taken out junky air screws from kit and replaced with solid ones from cb750
3. New Orings on manifold.
4. New advacer, Pamco ignition, 2OHM resistor pack for the 3OHM coils
All this is helping, but am not sold.
Last night and this morning I got it to idle, but I have not tired it fully warmed up.
Fuel level in the tank is very low, and the seal on the cap is broken. Not sure if that matters. Weather is better with humidty at 67% vs 100%.
Might go for a test drive and see what happens. If it goes well I will fill the tank up and see if the problems return.
I am considering removing after market needle valve and seat as well.
I have been able to completely rule out vaccume leak, cable ajustment, or bad advancer. Everything points back to fuel delviery / level.
I'd be intereted in any other theory on this.