Well I read back through your posts in this thread to try to figure out 1st how you cleaned the carbs as that was my 1st thought being dirty carbs. Did you fully strip the carbs before you ultrasonic cleaned them? What solution did you use in the cleaner and how long of time(I also have the hf ultrasonic cleaner and know it only goes @ 7 minutes and shuts off), did you use preheated distilled water?
Did you derust the tank? Even surface rust in the tank can put particles in the carbs causing problems.
Also, you used the keyster float valves? The aftermarket brass is known to give tuning problems, includingthe float height settings. Highly recommended that you only use Honda brass including the float valves. I think Mark(Hondaman) posted the other day on float heights in another thread.
Yes vacuum syncing the carbs is necessary, bench sync is just to get it ready to use vac gauges to dial them in to the motor.
The whitish smoke.... I read you put in standard pistons and rings in your first post??, should have bored it to bigger pistons and rings as the cylinders are probably tapered bigger from wear at the bottom of the stroke (per Hondaman's book).
Derusting tanks by electrolysis
I go a couple steps further than this guy went, after the electrolysis cleaning and water rinsing, using 5 gallons of Evaporust for 2 days, followed up immediately by rinsing with diesel fuel several times, wiping the inside with rags on the graber tool, heat the inside of the tank, then coating with the tank 2 stroke oil. The diesel fuel has oil in it which helps grab moisture from the tank and helps to protect from flash rusting that water rinsing causes.