So, '76 CB550K. Stock airbox 4-2 exhaust. She was running, but had lagging pick up under hardish throttle, particularly as she warmed up. Wanted to get it running right, so went through the trusty 3k tuneup:
Air cleaner clean
New ND-X whatever plugs (they are the proper ones), properly gapped.
Cam chain adjusted.
Tappets adjusted.
Clipped ends of plug wires and put boots back on.
Tested coils - all good. Confirmed spark on engine block.
Points (TEC) gapped. 1-4 timing set, but couldn't get 2-3 breaker based on available adjustment range. Had a spare pair (Daicrappi). Put them on and, predictably, couldn't set them.
Soooo, aqcuired a used, but really good shape TEC points plate with TEC points that look to be in fantastic nick. Put it on, gapped points, set timing, and... nada. Don't seem to be getting any spark. (Battery is solid.) Laid a spark plug on block and put #4 plug wire on it. No spark. Same w/#3 wire.
Went back to points and was checking timing (w/multimeter) and wasn't getting the little spark at the points when rotating the crank. Then, when poking at one of the condensers w/lead, something loud popped (like a backfire). Not sure if I artificially made a plug spark and it fired or what. Checked fuses, battery, connections, plug wires and boots for looseness (and scorch marks). I'm befuddled.
Ideas?