Hi all,
Thanks for the tips.
This afternoon when I got home from work I spend 1 1/2hrs trying some of the suggestions.
Cam and cam bearings in the head are all ok, this was one of the first things that I checked before I even considered restoring the poor little think.
Valve springs were all ok when I refitted the valves, and since it hasn't really run over 2000rpm I don't think a broken spring is the issue. However, I will check this if it get to the stage of having to pull the engine down.
These little Honda engines don't use a key to locate the timing sprocket on the crank, the sprocket is heat shrunk onto the crankshaft.
Fiber washer is present on both the advance units I have (both are stamped 107 which I am sure is the correct advance unit). Both advance units had been cleaned and re-lubed both and they are assembled correctly and move freely (can be put together 180 deg out, but engines generally don't run at all if they are).
The locating pin for the advance unit on the cam is in good order and no signs of excessive movement when the advance unit is slipped over it.
I have tried another set points, fitted to another plate assy, points cleaned, gaped and timed correctly.
I have tried running it both with and without the air cleaner connection boot fitted and there was no difference was between either option.
I have been unable to do a compression check as I don't have a small enough adaptor for my compression tester to fit the 12mm spark plug.
SOME PROGRESS HAS BEEN MADE
I took the muffler off and ran it with just the header pipe, with a bit of coaxing able to get it to rev all the way to 9000rpm momentarily. (Tomas, these little 4 strokes rev higher (9500rpm redline) than a lot of their smoke belching, plug fouling 2 strokes contemporaries from the 1970's). I reconnected the air cleaner, and was back to not reving over 2000rpm. I then removed the air cleaner connection and it was back square one and refused to reving out again. I have tried another exhaust, with a bit of a muffler on it in the hope that a bit of back pressure might help, but it wouldn't rev with this pipe on. Bike is very hard to start with out the muffler and will not idle very well and generally stalls after a few seconds.
It looks like it is a combination of both carbie and exhaust issues. I will carry on with more investigation tomorrow.
@Tim; No you can't have it! I am a stubborn old pr#%k, and I am not going to let this bike get the better than me. There were days when I would have consigned the bike to the "Spar-lash Locker"(i.e. thrown it into the dam), but those day are now past, and beside there are a great little bike WHEN THEY ARE RUNNING!!
CJ