As Metal stated the first thing to check is for a good blue spark, then as in your previous picture with the fuel line disconnected from the carb turn over the engine to see if the vacume fuel pump is working, next check your fuel bowl for fuel by opening the drain at bottom. If all the above is good then the carb might be plugged from the use of ethanol fuel. The compression sounded good but thats just guessing for you should do a compression test to see what kind of compression you have. I would also check the valve adjustment .003" intake, .005 exhaust cold. You should also use the non ethanol fuel if available in your area for it will solve the headaches of using ethanol fuel. Google <pure-gas.org> when the page comes up scroll to the bottom and click on your states abv. this will show all the last known stations for real gas with no ethanol. Always inquire first if said station still carries the pure form. The nice thing about this site is that if a station does not handle any more you can comment on it as well as if you find someone else who now carries it. It will eventually be changed to reflect this.
TOM
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