Hope someone can give me some advice on this situation. First my 1974 cb550 never felt right at the set up it was when I bought it. I consider myself a pretty good mechanic and like to do all my work myself. I decided to dive into the carbs and make sure they were matched and synched correctly. I rebuilt them with a air pod and 4-1 set up in mind. I then reinstalled them and synched them up. I noticed it was a Lil tough to synch. I then looked into the spark and noted that plug one was dark and wet and plug 4 was a nice lite brown. I then investigated the timing and found the points to be off. 1-4 were set at .018 and 2-3 were closed. I adjusted both pints to .016 and put new plugs in. I started it up and the motor came to life and sounded great. I noticed there was smoke coming out of the tail pipe. I figured it was due to number 1 not firing. I rode it for a bit and it ran great! Me and the wife decided to go on a ride and with in 5min it drops number one and is now sluggish and struggling to go. I make it back to the house and pulled the plugs and 1 is wet and number four is a lite brown.
Anyone have any suggestions on what could be the issue that I'm dealing with and how to fix it.
Bobby