Hey guys. Thanks for all your help, first off -- I try to be a google-fu master and refrain from making posts and so far it's been an amazing learning process. But I'm at a point where I just don't know enough to decide how to proceed. Get ready for a long one, or scroll for the TL;DR.
I'm new to motorcycles. I've got a very general understanding of the important stuff and one failed CX500 project under my belt (bought it, put like $500 into aimless things only to find out it had bad compression, sold it for what I paid to a better mechanic than I). About three months ago when my buddy told me he was selling his '75 CB550F, which I had seen running about a year prior, and he'd give me a good deal on it. Said it ran great when he garaged it during a move, then it sat in the rain for a couple days and wouldn't start, so he put it back in the garage and it sat until I saw him, about 6 months later. I went to look at it and it looked pretty good for 40+ years old... had brand new tires, good stock paint, clean chrome mostly. Came with a Clymer manual and a nice chain lock. So I bought it. (Obligatory pic here:
http://i.imgur.com/FXnY3Wy.jpg)
It also came with a receipt from it's most recent servicing, which was about a year ago at Limey in Austin, TX. This was from when he first took it to them after buying it, and they did the basics to get it running - carbs cleaned, new spark plugs, timing done on the stock points, new oil. The notes said the points were on their last leg and it needed a Dyna, but that otherwise it was a pretty standard CB resurrection job.
It still had months old ethanol gas in it so I emptied the tank, did some basic de-rust and cleaning with vinegar, and dried with alcohol. The petcock was beyond #$%*ed (previous owner also mentioned it leaked after he tried to rebuild it) so I replaced it. I happen to have one of the finicky dual output ones that you can only get from dgs on Ebay for $100, lucky me!
Then I took a look at the carbs, they weren't siezed or anything but they didn't move as freely as they should and I could see some varnished gas and corrosion in some of the inlets. I knew I'd want them clean regardless of whether it ran at this point so I took them off the bike and back to Chris at Limey (can't recommend him enough!), who stripped them down, put them in the ultrasonic cleaner, and replaced what needed replacing.
I got the carbs back on the bike, and the throttle felt very sticky. Tried lubing / adjusting the cables, no difference. A whole replacement set with push/pull and clutch cables was only $30 shipped so I got one. And a Dyna S. And a new seat cover, because why not?
And that brings me to today. I replaced the throttle and clutch cables and adjusted them with no issues, all throttle stickiness gone and the clutch feels like butter. Installed the Dyna with no problems and after double and triple checking both the 1-4 and 2-3 positions I'm fairly sure they're in proper static timing. Put the new petcock in the tank and fitted a couple inline fuel filters before the carbs, which made for a bit of a wonky fuel line arrangement on one of the outlets but I tested it and it seems to flow normally. Threw a fresh AGM battery and new spark plugs in it, set it at 1/2 choke, petcock on, killswitch to OFF, spun the starter for a second and then flipped the switch to RUN while it was spinning, sure enough she coughed and started right up! (Which felt pretty damn amazing by the way, thanks for all of your help in getting there!) A labored idle for a few seconds, then after adjusting the idle screw to about 1200 rpm it was stable... just not sounding good. I know that's vague and I don't know what a "good" running CB sounds like, but that's what worries me.
I know it's hard to hear what I'm talking about via a video but here's a video:
Just doesn't sound "good. If I had to describe it I would say it sounds like there's what you'd call a "knock" but I'm really not sure, and that specific part of the sound really doesn't come through well in the video. And according to my roommate, who's a much more experienced gearhead than I, the sound you can hear in the portion where the camera is behind the exhause is probably a misfire, which I also don't know anything about.
So, at this point, I'm just trying to figure out where to go next. I know it probably needs the carbs synced and I may have found someone close to me in Austin who's willing to bring over a sync tool to help me do that. I also bought some feeler gauges in order to set the valves properly, I do hear a bit of that sort of clattery sewing machine sound that I'm pretty sure means I need to adjust the valves?
Also, the first and second time I ran it, after I stopped it I noticed some fuel leaking from the drain tube that comes off the plenum. I cleaned the floor thoroughly after each time so I could check for it the next time, and on the third time it didn't do it. Not sure what that indicates or if it's just some "old bike first start" funkiness.
Any help would be appreciated!
TL;DR: Bought a '75 CB550 that had run for awhile then sat for 6 months, wouldn't start, had carbs cleaned and installed Dyna ignition, new oil, replaced clutch / throttle cables, new spark plugs, got it running. But now it sounds kinda weird and I don't know what to do next. Here's a video: