Greetings everyone. I apologize in advance that this may be a bit of a long post. I will describe my problem and what the process of elimination has been to get to my current question. I have used this forum for the answer to help ease my confusion, but alas my complete understanding on how to fix this problem eludes me.
First and foremost, I took the carbs off the bike. I made a post on this earlier in well last year on what I had. The carbs are stamped 627B and my understanding is these are off a CB500. I have what appears to be 100 mains and 40 slow jets. I pulled them apart and cleaned them up using carb cleaner. I Pulled the jets and the emulsion tubes out and made sure they were nice and clean. I made sure I could see day light through all the holes. The little O rings looked to be OK so I didn't replace. I cleaned up and made sure the floats were nice and free and not stuck, put new float bowl gaskets in and reinstalled.
The battery on the bike was completely dead so I jumped started the bike off a car and got her running. First thing I noticed (after 3 burned fingers later) that cylinders 2&3 are firing yet 1 & 4 are not. After some more poking around, I pulled the plugs, cleaned them, gaped and reinstalled. This time I filled a spray bottle with water and mist the pipes, 2&3 sizzle, and 1&4 still not firing. hmmmmmm
I pulled the plug on # 4 again and it didn't appear that at least Cylinder 4 was not getting any fuel. So I pulled the bowl off 4 and sure enough, no gas. I poke around again, wiggle the floats up and down 2 times and BAM, gas starts flowing. I made sure they would not get hung up again. So I put the bowl back on and proceed to check # 1, this was getting gas as the bowl was filled with fuel. I pulled the plug on the same cylinder and it smelled like gas but couldn't tell if it was fowled or not. I figure OK, I probably need new plugs before I go any further. The guy I purchased the bike from had 3 different brands of plugs in there (probably what he had lying around) and 2 different heat ranges. So I broke down, spent the $12 and got NGK D8EA plugs. Buttoned her back up and fired up again (this time with a new battery) but still, 1&4 are not firing. I pull the plugs for 1&4 and hold them against the case, and I can see that they are both firing so I don't see the coil for 1& 4 being a problem (maybe someone can confirm here).
Next down the line, I pull the points cover off. I crank the bike over again one more time and watch the points. I can see that 2.3 is sparking but 1.4, nothing. So I figure OK, maybe it is just a timing issue. I hop on here, read for about 2 days on static timing (I don't have a test light or timing light and am using the paper method). I first clean the points first to see that maybe they are just dirty and still, the same result.
I figure OK, time to make sure the timing is OK. I understand that you rotate the tank, and you wait until the largest gap is in the points and you set that gap. You do that by what I understand is adjusting this singular screw here, correct?:

If this is true, then OK, set the gap. The next step for 1.4 is that my understanding is when the 1.4 is at the F tick mark, the points should "just" be opening. If not you loosen the 3 screws on the main plate, shown here:

And you rotate the plate to achieve the gap. I assume the "main plate" is what the 1.4 points are attached to as well as the sub plate holding 2.3. So, here is where I am confused. When you rotate the plate, like shown below, is the "points" for 1.4 suppose to move with the plate? I mean, if I rotate the plate, the whole thing moves, I don't understand how I set it to where it "just" opens.

If one of you kind souls can help me out, I would really, really appreciate it! Thanks again.