Did you do a compression check?
"The bike ran strong until it quit, without any catastrophic sounds/feelings, etc. Even if compression were gone on one cylinder, it would still start/run on one (roughly of course, but it would run...)."
It looks like you have covered most of the basics and some of the advanced diagnostic testing but I can't see any indication that you ran a compression check on the bike or checked the engine timing. You have fuel, air and fire but if sequence isn't timed properly you won't get ignition. I would check the mechanical timing on the bike to make sure the timing chain has not slipped a tooth or two.
First if you haven't already, pull the valve covers and check the valve clearance (make sure the valves on both cylinders have proper valve movement) and then check the engine timing (Piston, valve and ignition sensor) then run a compression test on the bike. Slipped timing or a chunk of carbon holding the exhaust valve open can do exactly what you described in your first post (sudden failure, backfire when cranked, won't start) even if it was only one side of the motor, consider the age of the bike, mileage and known problems with the timing chain components along with possible carbon buildup in the combustion chambers.
"The bike ran strong until it quit, without any catastrophic sounds/feelings, etc. Even if compression were gone on one cylinder, it would still start/run on one (roughly of course, but it would run...)."
It looks like you have covered most of the basics and some of the advanced diagnostic testing but I can't see any indication that you ran a compression check on the bike or checked the engine timing. You have fuel, air and fire but if sequence isn't timed properly you won't get ignition. I would check the mechanical timing on the bike to make sure the timing chain has not slipped a tooth or two.
First if you haven't already, pull the valve covers and check the valve clearance (make sure the valves on both cylinders have proper valve movement) and then check the engine timing (Piston, valve and ignition sensor) then run a compression test on the bike. Slipped timing or a chunk of carbon holding the exhaust valve open can do exactly what you described in your first post (sudden failure, backfire when cranked, won't start) even if it was only one side of the motor, consider the age of the bike, mileage and known problems with the timing chain components along with possible carbon buildup in the combustion chambers.