The problem: Give the bike any more than 1/2 throttle, the bike will bog down (if you have ever driven a GM vehicle with a Rochester Quadrajet that bogged when you floored it, but ran fine on 1/2 pedal, this is what it seems like). Bike starts easily, idles very smooth, has good throttle response up to 1/2 throttle. At more than 1/2 throttle will bog down and not accelerate. Close throttle down to 1/2 way , the bike will take off hard (I almost fell of the bike the first time, was prepared for it the subsequent times).
History:Last year was the first year the bike ran the whole summer without a major breakdown(drove 150 miles) this century. In 2008 surface rust went through the in tank and external fuel filters and clogged up the carbs. Would only drive for a few miles before it stopped running on all cyls. Leave sit for a while and it would run again for a few miles. Took care of the rust in the tank, coated the tank, replaced both the in tank and external fuel filters, flushed out the fuel lines/removed and cleaned float bowls out on all carbs. For what it's worth, bike also has voltage drop problem even after cleaning all connections and key switch. I am using a relay to send battery voltage to voltage regulator so the battery is charging OK.
Recent work done: Clean and re-gap spark plugs (spitfire's-- know most people think they are junk, but, the bike had major starting issues until I installed them), adjust valves, adjust cam chain, install new OEM points assembly (actually, looking at the package, they might be as old as the bike), adjusted the points and timing statically and fine tuning with dwell meter and timing light (dwell on both points are between 46-49 deg with meter on 4 cyl scale-hard to give exact measurement due to meter, but both points are the same). Centrifugal advance was checked and working. Air filter a few years old with minimal milage on it. Air box to carb boots/hoses(whatever they are called) were not on the carbs all the way, I believe they are on properly now. Didn't think to check to see if there is any air leakage at the boots until now. Fuel line seems to be routed OK. Fuel filters don't have many miles on them . Gas is from last year (with fuel stabilizer in it) but bike did the same thing with fresh gas. Air box is stock. Filter is stock type.
The question: What else should I check before tearing into the carburetors.
Note: If I am at the point where everything points to a carb rebuild, I may do nothing this summer due to problems with my daily driver, bike is now my backup transportation.
Sorry for long post, tried to give out as much information as I could think of.