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More than likely you have got some small rubbish from the tank into a jet...
Hey guys, Yesterday I was cruising around town on my '73 cb500 and I was in an aggressive mood so I was aggressively accelerating and shifting. I was in first or second gear and reaching the mid to upper rpm range when my bike bogged out and died. It immediately sounded different and wouldn't idol. I have almost no power... and can really only go in first gear at full throttle... otherwise it dies. My initial thought... something inside has snapped while I was gunning it... I need to know where to start / how to diagnose it...Check out this video: The password is "cb500".Not a valid vimeo URL
If you're comfy that it's not the cam chain, my strong suspicions would be valves. Maybe blew an adjuster loose? Or two? Remove the tappet covers first, then if you're concerned, lift the rocker cover.As for carb 3 leaking, is the float stuck? Is it leaking from the bowl gasket, o-ring or overflow tube?Now, you divulged something interesting: you say it's running really rich. Have you perhaps fouled your plugs badly enough after your spirited riding, and coupled with a carb or two, not providing fuel, have a dead cylinder? Pulled the plugs yet?If you start the bike, do all 4 pipes get hot quickly and evenly? (Check this after inspection of the tappets, and do this FIRST).