I took the cylinder block off, but I did not remove the rings. The barrels looked just fine.
So, I added oil in the plug holes and I have compression; 150 or so on each side. This means the valves are fine, right?
I cannot, however, stop the carbs from flooding. I backed way off on the jets and float height and the intake tubes are all wet and so are the carb boots. It is possible I keep washing out the barrels/rings with fuel. Right now I am 2 up on the mains, stock pilots, needles on the 4th position from the bottom (1 down from the top), 30mm float height.
Would kicking the engine over many times cause this even with correct carb settings? Fuel is not pouring out or anything, but everything appears too wet.
Perhaps I will drain the oil and double-check the timing. Could I have set the timing on the wrong stroke?