Thanks for the quick response..
I forgot to mention the first thing I did when he brought it home was too clean the carbs and the bench sync and put new spark plugs in it..
I dont know how much different this 76 550 is from my 74 750K as far as timing/valve/cam chain adjustment..
Looks like I need to go find me a 550 manual.
I thought that maybe the soot was from it sitting for so long without being ran. I know when when we first picked it up I could only get it to run off of one cylinder. After closer inspection, I noticed the spark plugs were getting drenched with gasoline and not allowing the plug to fire. So I back off of all the floats and tried to allow it to receive less gas. Once I achieved that, I can get it to run off of all 4 cylinders. Yay..
The bike came with an airbox, but doesn't have any boots to go from the carbs to the box, so I just took it out for the time being.
I know the exhaust that is on there is maybe an inch in diameter, which creates a nasty sound when its running.. (Way too loud!!!)
But as far as trying to get it just to run smoothly, I suppose I need to go have a look at the timing and valves, once all that is clear and looking good, I'll go for the carb sync?
....
Does the carb sync tool that I have for the 750, will it work for the 550 carbs??