Hi Atlas,
You would do best to replace both condensers w/ new ones that have less than 5yrs. shelf life;I spoke w/ HondaMan about this and he said when the condensers sit for a while w/o running the bike they degrade and shouldn't be trusted.While you're replacing them I would carefully inspect the coil cases for any cracks where wax is leaking from them(when you set the static timing don't leave the key on for more than 30 seconds;a self powered continuity tester w/ it's own batteries is best)and hopefully your coils are still good.The points are probably badly burnt beyond cleaning.
I had another thought on the plugs being SO rich;make sure you don't still have any brass parts in the carbs. that isn't oem Honda stock.The aftermarket carb. kits are notorious for supplying new emulsion tubes/needle jets and new slide needles.. I would make sure to remove them if they aren't stock as they will usually mess-up your jetting.
Interesting about the condensers going bad from sitting. I will look for a high quality set but so far it's been difficult! Points I have found OEM. Expensive at $22 per point but worth it to go Honda I am sure. One of my least favorite things about this bike is the gas cross feed tube on the bottom of the tank. Your only option should you need to remove it (coils, condensers, etc) is to spill gas EVERYWHERE!!
Does the sparking you see from the previous videos indicate bad points?
Atlas, my question about the spark advance made a bit clearer, does the advance work with a timing light attached? It could be rusted.
We've only played with the static timing so haven't checked with a gun yet, but I will do that next! It does look somewhat rusty back there. Hard to see, could just be oil buildup. Only way to know is to take that plate off or use the timing gun. Thanks Larry.
Another thing I forgot to mention last night. BOTH float bowls are leaking out the seam.
This to me indicates either a bad seal (though it is a new o-ring) or improper float height. Something important to note is that before when the bike would not rev past 5.5k the float bowls were not leaking. So I am keen to say this is not THE source of the problem, though I would still like to fix it! No gas out the overflow tubes so either they too are clogged (I just cleaned them thoroughly..) or something else is happening.
Anyways as always I really appreciate you all chiming in here and helping me get this bike back on the road!