The cafe gods have smiled upon me (and were probably laughing). So my buddy was unable to locate my feeler gauge he borrowed 2~3 weeks ago, but as a good man he replaced my tool with a better one. I got everything in place, took off the alternator cover and the point cover, and loosened the hold-nut for the exhaust valve for the right cyclinder immeadately I noitced the nut was way too easy to move. When I loosened the nut, it of course moved the valve, so I was unable to determine the exact space dialed in but my guess is that it was about .15~.2mm out of spec (way way out of spec) from where I was able to test it...
Put it to spec, then tested the inlet and tested the left cylinder...everything else was perfect. I started it up and it ran like the day it rolled off the line in Japan.
When I first noticed problem I took off the point cover and gave it a quick inspection too look for any obvious problems with the points or valves & didn't notice anything. My guess is the nut shook itself loose enough that I it wasn't visably loose but loose enough to allow the valve gap to change overtime.
Admittedly, I probably would have checked the valve gap last anyway. But had I still had my feeler gauge, I would have defintely checked before pulling & cleaning and switching the carb parts or going to the lengths I did ensure fuel flow...The moral of the story is don't lend your tools out for more than 30 minutes at a time.
At the very least, I now know I have: good fuel flow, super-clean carbs, and a full swear jar.
Big thanks for the help guys, redliner, crazy PJ, Kanticoy, et al. I really do appreciate it. Someday, in heaven or hell I'll buy you guys a round.
Take care guys.