Like Gordon said: air filter first, after that long sleep in a garage.
That year of 750 at sea level should have 105 mainjets, not 120. The 120 was only found in the K0 with the open pipes known as "HM300" pipes: by 1970 the K0 had 115 and all K1 had 115 jets. Someone was apparently thinking they could hotrod the engine by just increasing jet size...that will make for smoke, soot, and eventually water buildup and rust in the pipes.
Check: the emulsifier tubes' air bleed port in each carb after that long of a sojourn (look in the Thoughts of Hondaman were Steve D posted my fix for those passages). They are probably partially blocked with a white powdery substance that needs to be removed with a wire: soaking and carb spray simply will not fix it.
Check: needle settings on the carbs. If the PO decided "richer is better" for the mainjets, the needles may be set wrong, too. The clips should be on the 4th groove from the top of the needle, each carb, with 105 jets. They would have to be lower than is physically possible if someone tried to use 120 jets in those carbs...
Check: when you have the needles out to see their clips, make sure there is a tiny "27201" engraved on the needles, every one. If not, they are not Honda needles, but Keyster. Those will be constant trouble, if so, running rich and fouling plugs: the only fix is to replace them with Honda needles. There's dozens of posts here about that issue...
Try using different sprakplugs: the ND X24ES-U will stay much cleaner in those engines. Sparkplugs.com sells them.
Check your ignition timing and points gap. If the gap is less than 0.012", the spark will be weak at low engine speeds. If the timing is overly advanced, it will foul plugs at low engine speeds. Also, trying running on only Regular gas: today's Regular meets the slow-burn characteristics of the 1973-1978 premium grade fuels. Regular will generate a little more heat and help burn off the carbon.