Purchasing a basket case norton and paying for a rebuild will still cost you less than buying a brand new "british style" bike, or heaven forbid you reverse mortgage your house to buy a 961SE. Could be of questionable reliability compared to a Hinckley lump or a newish UJM, but for a casual ride I doubt it's of concern to most. Would you rather pay $9k for a vintage inspired new bike or 9k on a rebuilt original that can actually almost hold value? :wink:
Nothing wrong with paying for restoration work. As someone who messes around with this stuff I'll definitely question ownership if you can't remove a seat, etc..., but if you're uncomfortable delving into engine work and gearbox work, I do not even begin to fault you, considering how quickly tools and parts add up (especially if you're changing them based on advice from internet mechanics, etc...). Have seen more than a few people take a perfectly running bike, rip it apart, buy a whole bunch of stuff they don't need, and put it back together only to be disappointed with the result.
As for the problems here, I think you should treat this like I treat any old bike that I get in that's in unknown condition. Test for symptoms, not causes.
> Check that you actually are getting the right spark at the right time. Plug gap, plug type, wire type, etc... all affect that. I would borrow a stock system as a "once shorted at the coil trigger boyer" may not function in a predictable way. Once it's running, start causing the problems one at a time
> Lots of things such as valve adjustment and timing can cause the bike to barely have compression. Check those, but also check compression as it's a simple test of ring sealing, piston issues, valve issues, etc.
> Make sure that the pilot jet on the carb is actually right and clear. I usually get the pilot jet size and pick up a guitar string of the same size to probe it. Can scratch the jet passageway if done wrong but at least it'll tell you if the hole is the right size. Even if it seems open by eye, you'll find mik's are finicky about slightly plugged jets (with how small the pilot ones are).