OK, time to start getting serious about this.
The engine is not locked up. It may have never been. After soaking, it still wasn't turning. The PO had said something about the chain being dry and hard to turn. I was going to take it off and soak it in kerosene but when I loosened the rear brake, the wheel started turning even while in gear.
After lurking and searching I decided to go with a stock airbox instead of buying three more pods because it sounded like it was easier to get the carbs adjusted. (I read a book years ago that said carburetor was a French word for don't fool with it!)
This is what I am planning on doing:
Buying battery, points, plugs, condenser
Drain ATF/Acetone mix and put in fresh oil
Clean and rebuild carbs
Clean out gas tank so I don't have to clean the carbs again
Or should I slap on the airbox, change the oil and see if it will fire up?
This is my first time with anything like this so any and all feedback is appreciated.