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Take a multimeter and see if you have voltage at the coil positive when the key is turned to start. If you do, then go down the line and check each plug wire for spark.

Sounds like the carburetor is tuned too lean at the transition from the cruise step to WOT (metering rods), which is expected if you used the carb on a milder motor. Determine what metering rods, step up springs and jets you are running now and use that as your starting point. Then start going...