Alrighty, apologies to everyone for my incompetence with the leak down test. I redid it yesterday, and again today, and it appears to be fine with very little change. One thought I had is that maybe it had jumped time (since I have not replaced the timing chain tensioner) but I would assume it would not pass a leak down test if that was the case? When I redid the compression test I pulled the carb off and dropped my borescope in the intake and looked at the valves, I could see some leaking past the valves, but it still passed the test with only 2-3 psi drop @ 100psi. I also looked at the pistons again with the borescope. Photos are below.
My cheap $20 compression tester has a bad check valve, but it appears to be ~180 psi in all 3 cylinders.
The carb has been off again, I looked everything over and it appears to be fine. When I took the carb off the boots on the engine were pretty wet with gas. When I put the carb back on it started right up, so it sure seems to be flooding itself.
I pulled the connections on the ignitor and rectifier and inspected them, no corrosion and everything looked good.
Once started it runs normal, idles fine, with no issues. I also made a carb sync tool and synced the carbs.
I checked the oil and it was well past the full mark, and smelled of gas. I am not sure how significant of a problem that is, with the issues I am having getting it started and the fact it has barely been used perhaps that would be expected, but I have changed it again (I changed it at the end of the season last year). The waste oil did not look particularly good, there appeared some fine metal flakes in it.
I know it was suggested I pull the valve cover and inspect the valve lash, but that is probably not something I am not comfortable attempting. Thanks again to everyone that chimed in with advice. Unfortunately I might throw in the towel at this point and bring it to my local dealership and see what they have to say.
