An update:
We have liftoff! Turns out the coolant wasnt leaking into the crank case, it was gasoline.
I bought an oem mikuni carb rebuild kit, and worked with the best carbeurator mechanic I know (paternal unit 01) to clean and refit it.
We cleaned the gas tank out using a compressor, oxygen tube, and some old air line to make a vacuum hose that wouldn't ignite fumes. There was more debris in there than I could get without it! I installed a new yamaha petcock that has an off position to avoid the leak that we think caused all the issues.
After installing the new spark plug we ran it, in neutral on blocks, three times with an oil and filter change each time. Disgusting, milky, dirty oil the first time. Cleaner slightly cloudy oil the 2nd. And now perfectly clean oil the 3rd.
I am installing a new filter and filling it up with new Mobil 1 15w-50 oil to give the wheels their first spin later today. (I chose the most available mobil 1 oil that fit the chart in the owners manual. The original spec weight was not readily available.)
We had a loose connector arm (tie rod?) at the front left, but I added a washer to and tightened up the bolt on each end. The ball may be almost entirely worn (unless those bolts stretched with previous wear) but it's tight enough to test.
The coolant was suppsoed to get flushed, with dostilled water after I previously dumped it. But an error led to it being filled directly with more coolant. I'll flush that out and add more coolant after. I'm hoping to avoid a negative interaction between the new stuff and whatever was in there. New stuff should be compatible with the oem stuff, but we have no clue if that's what was actually there.
I am still having a bit of a backfire issue, and may be running lean at idle, so I'll need to figure out why that is, and how to fix it. Some sources say it's an open vacuum line, so we replaced the bolt-in-line on the vacuum port with a bigger bolt and more clips. (The line used to go to the oem petcock, but we no longer need that.)
I haven't yet needed to tear the top end down, so that is a small victory!
Fingers crossed.
QuadrunnerShare.mp4