Have you looked at the fuel pump diaphragm ?-----Might test run the motor on a borrowed tank and hose.-----Perhaps test run with a timing light to observe spark behavior on the 3 leads.
Thanks racerone I have run the engine on another tank and line,,,,,no change.
I think I got a pump kit with the powerhead gaskets but haven't looked at pump yet, looking like my next job. When that's done I'll get a mate with timing light to do a check.
Ray