First off, this is a great post w/ plenty of solid info. Lets start w/ some of your observations:
1. "My coil has a strong spark.", That's nice, but spark at the plugs is what makes it run.
2. "but bowl is full" That's nice as well, but it's gas in the carb you need to check.
3. "Spark Plugs appear good" If they were oily & black or burnt, you would have a problem. But, you can not see the deposits left on them by today's crap gasoline, so change them.
4. "Points look new". Did you look really close to check for pits or burning? While you're there, it doesn't take but a second to re-check the gap (.025) & run a clean dollar bill through them to remove any grease or corrosion.
You have great powers of observation & know where to look. Now, try this to get it started.
There are three very important tools you always need to have in your N tool box: a 3 inch piece of wire w/ alligator clips on each end, an old spark plug w/ the gap opened to 3/16” and a 7/16 box end wrench. And, you really do need a working ammeter. With these tools, you can quickly narrow down most N problems to spark or fuel.
First, check for fuel. Remove the bolt in the bottom of the carb; as long as the fuel is turned on, you should see gas flowing out of the carb. If it’s a dribble or none at all, you have solved half the problem: it’s fuel related. If gas flows well out of the carb & only stops when you turn it off at the sediment bowl, chances are very good it’s not a fuel problem. So, next, crank the engine & look at the ammeter. What is the ammeter doing? Does it show a constant discharge, no movement at all, or does it dip? Next, get the old plug, ground it to a rust & paint free spot on the head, turn the key on & crank the engine. You have three possibilities: no spark, weak and/or intermittent yellow spark, or a bright blue spark. What is it? Unless it’s a blue/white spark, you have a spark problem. If the ammeter shows a constant discharge, or doesn’t move at all, that also tells you that you have a spark problem. Jump the ignition switch w/ your jumper wire & see what happens. If it runs, you found the problem.
If it does not have gas coming out of the carb at a steady stream w/ the bolt out, you have a fuel problem. First, remove the gas cap. Your vent could be clogged & it vacuum locked. If that doesn’t work, tap the carb bowl w/ a hammer handle in case the float is sticking closed. (don’t whack it w/ the head of the hammer; you can crack the bowl). If you still don’t see gas flowing, the N has three fuel screens; one in the brass elbow, one in the top of the sediment bowl & one on the stem of the sediment bowl in the gas tank. Check the screen in the elbow & the screen in the top of the sediment bowl. (don’t worry about the one in the tank) Both probably need to be cleaned. If you have the fuel knob turned on all the way, it may be trying to feed off of the reserve inlet which is probably clogged. Only open it 2 full turns. Put at least 2 gallons in the tank.
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