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I had thought about the flywheel being one bolt off, but for a 5-bolt flywheel, that would mean that it would be 72 degrees off. IIRC, the F-mark is something like 30 degrees before top dead center. I don't see how the flywheel could be 72 degrees off and the piston is at TDC and the OT mark is in the middle of the window. If the flywheel was 72 degrees off, the OT mark could be in the window but the piston wouldn't be at TDC.
Forgot to mention the "S" trannies had different gear ratios than the standards. AFAIK, all "Ss" came with the 3.00 to 1 final drives which could give slightly better gas mileage, and the transmissions had a sport cluster the same as later RS. No biggie, you'd have to ride one and immediately ride the other to feel the difference. Or I could be completely wrong, I'd have to look it up.
Never know what you'll find in an old airhead, but it can all be sorted out. Happy Thanksgiving.
Full advance should be more like 3000 RPM. If it's in the 2000-2500 range, then the S Mark must be not visible in the window...basically you're running a bit retarded. Change the timing to get more like 3000 RPM at full advance and see how things are there.
According to Snowbum, it should be more like 3000 RPM. But as mentioned, if the bike is dual plugged, the full advance RPM should be reduced...often times the timing at idle is somewhere around OT or slightly advanced.