You know, even though the bike smoked at the shop when I got it and on the ride home, I can't seem to make it smoke now. The shop owner said that he thought it may have had a stuck valve that's now loose or something.
I can get the idle down to 1100-1200 rpm, but it starts making a noise that, to me, sounds like the carbs are out of synch. It also has a hanging idle after giving it throttle when I keep the idle down.
I checked for an intake leak, and if it has one it's small and intermittent. I think the carbs are just out of adjustment.
I think I'll pull the carbs when I get the new air box boots, give them a good cleaning, set the floats and synch them.
The plan now is to give it a tune up: plugs, check timing, set points (until I can throw a Pamco on it), adjust the valves, change the oil, and the aforementioned carb work. Unless it smokes like a freight train, I'll just ride it as is for as long as possible.
I also noticed the front brake is dragging. I tried to adjust it, but loosening the caliper adjusting screw doesn't change anything. Maybe the pistons need cleaning and brakes bled? They work fine, but seem to be dragging.
I was able to adjust the rear to work properly.
This thing may not be as bad as I first thought!