Just tried with a 100% working (off my own running bike) cb550f coil. Spark is exactly the same as with the 125 and 200 coil. Spark at the points also the same, still more then at plugs. Put my drill on the crankshaft and sprayed engine starter in the carbs. NOTHING. Checked timing AGAIN, dead on.
Also did a recheck on valves. Turned the rotor on 'T' and checked valves at closed side. Gave them the 0.05 and turned the crankshaft 360, on 'T' again. Then did 0.05 to the other valves. Nothing happened.
I got a little furious and adjusted the opposite valves at 0.05. Turned the crankshaft 360 and adjusted the valves i already did to 0.05.
I did this to be sure i had the right pair of valves at TDC.
This resulted in abnormally amount of play (around 8mm) between valves and rockers. This told me my first go was the right one. I then adjusted the valves properly again.
So, i have compression (191/189psi)
I have spark at the right moment (but a little weak)
I have fuel (engine starter fluid)
WHAT THE HELL AM I MISSING?