Hey @Ajmboy thanks. So here's an update on tis PITA! CDI was a complete failure and it did not do the trick. Valve lash was good, timing spot on. Carburetor is perfect and she runs great to half throttle and starts backfiring like hell. Regulator is on the way, i am stalking the stator, pick up and flywheel! Just about gone over everything else.
Stay tuned.
I was actually going to search the archives to see if anyone else had this problem.