Well guys, no good.
Took the entire engine apart again -- the sleeve is pinned so you can only put it in one way. I screwed around with that carb for two days.
It idles fine, but at full throttle, she just does not get enough fuel and quits. Never four strokes.
I pulled the carb, connected the pump from my fuel bottle to it and pumped direct - fuel pours out of the jet just fine.
Even with the needle out of the carb, it does the same thing.
I drilled the carb at the needle valve, hoping to open it - stiff wires revealed no blocks. Drilling did nothing.
There's an OS .46 in the plane now.
DAMN!!
This is a crusade now, so I'll order another carb and see what happens.
See ya - good flying.