So - a quick update on what's been happening with her...
A pull of the carbs revealed the nastiest, slimiest, grimiest gunk in the carb bowls. Floats were stuck wide open, and fuel was POURING out of the overflow tubes. After much wrestling, I was able to get them out, clean them up, and re-install. Major improvements, and she fired up.
Front brake was frozen in place - gripping that front wheel like a leech. Worked her over, and she's rollin' freely with great brakes.
Clutch was frozen and unresponsive. Pulled it apart, recoated everything with fresh oil, adjusted and cleaned it - and now have a working clutch.
I've readjusted the valves, set the points, checked the timing, and lubed this and that.
Still have a few issues, though: fuel is leaking from the petcock. The brass downtubes/nipples are pulling right out of the petcock, with no seal. This has to be addressed.
Also, she's running GREAT at low RPMs and idle speeds - however, much past 3000 and things start kicking and spitting and sputtering like mad. She simply refuses to rev over about 4000, and even that's a fight.
I'm in the process of chasing down a dwell meter to verify that the points are set to what they need to be at.
I'm in the process of running some Seafoam through the fuel system, but am not getting far with that as the darn petcock is losing fuel so quickly that it takes constant monitoring.
Anything I'm missing? What would you be looking for? I'm mostly concerned with the poor running condition at higher RPMs right now, along with the petcock. Any suggestions for either of those problems?