Well, after taking your advice and carefully rebuilding and adjusting the carb she fired right up on the first crank! I couldn't believe after 7 years it was running again.
There's some fluctuation in the idle. It will run great for a minute at high-ish RPMs and then drop and rise up again. - It eventually dies. - I was wondering if there's some common issue with these old Hondas if I'm going to have to do some more work.
I still have the old spark plug
in there but the gas, carb, choke cable, air filter, battery and engine oil are all new. I also have a problem keeping the battery charged
which is odd since it's brand new.
As always, thanks for any help.