
First off have you got the new R/R installed as not having one or one that is working can cause all sorts of electrical issues. Listening to the video there may be a little bit of a misfire there or it could quite simply be a case of either or both intake and exhaust leaks and/or fuelling issue.
What makes you think there is a timing issue, have you recently replaced CCT's. Being off 1 tooth wont make much noticeable difference. Maybe a lack of power or a bit more power than usual. Though saying that it's a good thing to check if it's something that has not been looked at since you got the bike and do something about the CCT's as well if it's not been done already.
Have you changed both plugs. Even if you have what looks like a good spark at both plugs they can still be an issue so best to start with them for the slight misfire and also make sure the HT leads are seated fully on the plugs.
The bike started with a bit of popping and banging and then idled on both cylinders on choke. Warmed up a bit and idles off choke. Still bogs on throttle and some loud backfires through the exhaust
This sounds like you have some intake and or exhaust leaks. You may also have some jetting/carb issues. Also rule out the petcock vacuum. Make sure this is connected in the right place, not the bottom of the tap.Bike won't accept throttle though, either on or off choke, spitting back thru the carbs and backfiring thru the exhaust.
Make sure that you have a good seal/gasket is good around the float bowl. You may even have a leaky float valve. What's your oil like, does this show any signs of contamination.Pulled the carbs and noted excess fuel around the front inlet rubber
But does not show any excess wear, scratches to the side of the valves or worn rubber around the tip. Remove the floats and take the valves out and inspect. While they are out give it a blast through with some carb cleaner.blowing down the fuel pipe and tilting the carbs proves that the float valves are working.
What size pilot jets and mains have you got? You may even need to tweak your fuel mixture screws slightly.Confirmed standard needles, and emulsion tubes in the correct location
Washer on top of the needle wont make any difference to how they seat in the spring. Have you got the washers under the needles. Also make sure the rubber diaphragms are in good condition, no pin holes or tears and are seated correctly.Neither of my needles has a washer on top, but the head of the needle has a small raised pad machined in the centre which acts as a locating peg for the spring in the needle holder. Is this right or am I missing a washer in each carb?
If I was you I would start with replacing the plugs and then double check for any intake leaks around the carb inlet rubbers and for any exhaust leaks around the seals/brackets. But this excess fuel around the inlet rubber concerns me so I would suggest checking for any leaking fuel around the float bowl or even remove the bowl and check the float valves more thoroughly. The float is not adjustable so it's safe to remove without affecting the adjustment.
Other than than fuel then it's going to be an electrical problem somewhere.
(:-})