Good news! I got the engine back together and installed in the bike. And it runs! Oil pressure is good. 60 psi cold, 20 psi warm.
Just two little issues now. When I got the bike one of the carb float bowls had a broken drain screw that had been filled in with silicon to prevent it from draining. So I got another one off ebay and the carb with that bowl began to leak fuel right at the gasket. I swapped the bowl to another carb and the leak followed the bowl. I also verified that the float completely stops fuel flow when it rises and it operates as it should. I'm thinking that bowl must be screwed up.
Also, the engine stumbles and lurches at low RPM's. It's almost like a misfire Above 3,000 it smooths out. The first stint down the block was fine until the fuel leak at the carb flared up again. Could a poor seal on the float bowl cause a vacuum leak or something resulting in poor running?