So here's a new symptom: I cleaned and adjusted the points then fired it up yesterday and noticed that it was running really smoothly. so I took it out for a ride. after about 3 miles it started getting choppy again, intermittently and only at low RPM, and I might have been imagining it, but I *think* i heard a spark arcing when i pulled it into my driveway and right before I turned it off.. will have to check using the "pull the plug while running" method.
BUT if this is a "once it's warmed up" related issue, could it be that a coil is going bad? it really felt like it was just missing a spark every now and again.
AFTER WARMING UP:
- was idling OK (a little waver on the tach, going from 1200-1300 RPMs randomly)
- sputtering at takeoff, but once i cleared about 1600 RPMs it pulled hard, but then flattened out at 5K RPMs (abnormal)
- felt like it was missing a little immediately after upshifting.
I realize this all seems symptomatic of a clogged idle jet too. cleaning carbs tonight. in the meantime, pretend my carbs are 100% OK and toss any ideas about electrical problems my way

Thanks guys!