We messed with it for a while, nothing helped, we tried this, tried that, nothing. The strainer inlet filter was weeping, so we took a look at that, put a new gasket on it, nothing. We sprayed carb cleaner all around, no surging (so no vacuum leaks), we confirmed that the float was at least working by taking the carb off and tipping it upside down and blowing into the inlet, it definitely would hold pressure. At that point we thought maybe the float could have a leak and not be "floating" anymore. We took the top of the carb off and the float was fine, everything looked fine, except a brass plug, it didn't look right, we checked one of the old carbs and it was definitely not as flush as it was supposed to be, then we found a bit of nasty casting, but it appeared the gasket took care of that. I took a brass punch and drove the brass plug down a bit more, so it was just below the casting. Put the carb back together and after a bit of adjustment it ran really well. Then I did something dumb, I ran it up to temp (without a temp gauge) and it started lower end clacking if you bumped the throttle, stupid me had checked the "oil" but hadn't smelled the oil, yup, it was definitely not oil anymore, it was mostly gasoline. We drained the "oil" and added new oil and a new filter, I am not going to run it anymore tonight, I need to get my infrared temp gun so I can see what temps things are getting to. I did start it and run it for a bit and there were no more lower end noises, so I think we caught it in time. I hope so, otherwise I am going to be out a lot of money for nothing.
Drama will resume at some point tomorrow, I am going home.