Thanks for all the input so far. It is not the correct airbox for a K0, never was, hope to come across one some day, but for now, it is the same airbox from 22 years ago, not right, but not a variable in the context of this discussion. One pipe, the number 1, is a 341 so this is a small, in my opinion, difference, so this would qualify as a new variable. However, even though more restrictive, I can't believe it alone would account for what I'm seeing. The remaining 2,3, and 4 pipes are the same original unmarked pipes of 22 years ago and in very good shape. The floats are brass, in excellent shape, no dents, repairs, etc.
As long as I gave it throttle, it runs, all headers get hot enough to vaporize oil drops. No apparent problems or hesitations as I used the throttle, just at idle.
The points and condensors are new, timing is spot on and I grounded the plugs in pairs (1,4) and (2,3) against the head while my wife hit the starter for a few seconds. After which she said, "so that's all there is to this?"

Good, rythmic blue sparks, no misses apparent.
No special fuel blend in use, plain old unleaded. I did try fiddling a bit with the air screws, but there was not much of a detectible change.
I will be sure to clean and dry all the plugs when I try cranking her again.
So is the collective wisdom that the fuel levels are too high in the bowls, or should I be looking elsewhere?