Hello Wilcom,
Have you checked that the flywheel had not been disturbed ?
It is easy as the bolts do not allow for a subtle error.
Remove the spark plugs and check by eye or with a suitable pin that the piston are at TDC. Check that the OT mark is visible on the window and properly centered. This done you will be sure that anything is in correct place.
As per the static gizmo, it is useful to make one as it will allow you to check that the HES is OK or dead and save some dollars buying new parts not needed. Of course a strobe light is way better.
Hope this helps.
P.S. : the pre-1980 R65 was rated at around 45 PS (depending on the marked they were sold) and the post 1980 were around 50 PS. The LS had the same engine as the "plain" R65.
BTW, one can make an engine run with the ignition set wrong, provided the valve lash and the carburetor are tampered accordingly... So if I where you, I would check valve lash at the proper TDC position, then return the carbs to their factory settings and then put the ignition timing at the correct spot and mark it. (It will save time next time the bean can is removed.... ) then proceed from here.