This arrived last week:
But before everyone get's their hopes up, I am a noob. This is my first bike build. I bought this cb550 to so I could learn how to build up a bike having never done this before. It may never get finished, or I may completely f... it up and sell it for parts, in which case I hope you enjoyed watching my little train wreck. So if you're willing to watch me learn, struggle, ask lots of stupid questions, run into dead ends, cry in fetal position, overcome, rejoice, and hopefully finish this thing, then here we go...
Ok, I do have a little experience. I taught myself how to do a valve job on, and tune up, a Ducati 749. But I have no experience with carbs, points, engine rebuilding, suspension work, rewiring, painting, welding, and a few other things I want to do with this bike. First order of business is getting it tuned up and running safely. The bike runs now (I rode it around the block), but it's rough, lacks power, and pisses gas out the drain tubes.
First thing I did was to set the tappet clearances (0.002" intake, 0.003" exhaust). Then I checked the compression. Pulled all plugs, hooked up the gauge, wide open throttle, no choke, cold engine, hit the starter. I got 140-130-120-110 in that order from cylinders 1-4. Seems like a big variation (>10%). Put a bit of oil in cyl #4 and compression went up to 125 (needs new piston rings?). Point gaps are also a bit tight but I can't mess with them yet because the adjuster screws are stripped. I haven't cleaned and synced the carbs yet but that's next.
So here's the first stupid question: given the compression numbers, is a top-end rebuild in order or should I wait to see how the bike runs with clean carbs before worrying about it? Is it also worth doing a leak-down test?