The advancer must
function properly. Can't normally tell that by looking at it physically. Pretty, isn't it? jk/
It's function is checked using a strobe timing light. The 1.4 F timing light aligns at idle, and the Hash marks align when the engine reaches over 2500 RPM.
At this point, I'll make the guess, that the cut out symptom is due to the fouled plugs. Replacing those will make it run ok until the new ones foul, making the spark unreliable.
Second, if the carb kit came with hollow tipped needles, it was for a K model, which employs higher fuel delivery rates than the F model parts. I recommend cleaning the original brass parts and putting them back in the carbs at the stock settings. The slide needles are clipped in the second notch from the top as they ride in the the bike.
The internal parts are made with micrometer precision. It is rare to find someone who can see part differences between .015 and .017 inches, However such differences can make fuel delivery orifices flow different amounts of fuel. Aftermarket components are cheap, in part, because costs have been cut in part precision, part measurement checking, or allowing tolerances greater than what the factory specified. While you can get good parts in aftermarket, the variability among them makes them less desirable.
I surmise it ran well with the old parts in the carbs until fuel tank contamination fudged things up. While fixing that the carb was altered with different parts. It ran ok until the plug insulators fouled due to improper fuel mixtures. I predict that new plugs will make it run ok again for a while, and then the symptom will return again, until the plugs are again replaced. This recursive cycle will repeat until the carb issue is corrected.
I would question why the tank's filter did not prevent carb contamination. There are opportunities to change the filter's effectiveness via incorrect assembly. However, if the bike sits, evaporative fuel deposits can form in the carb bowl. Later use allows the solvent action of the gas to break off these deposits from the bowl walls and clog the fuel orifices. An upstream filter won't prevent this, of course.
Here's my 76, if your interested. Though I think yours is in better shape, the fairing on mine allows me to ride it year round in these parts. I still have the parts to put it in stock form, when the time comes. It's a sweetie and made a very nice commute bike.