Well, I pulled the carbs off and did a compression test. When my friend did his test, #3 cyl. was really low. My test showed approx 140psi on 1-2-3, and approx 20psi on #4.
No matter.
The valves that you think have NO clearance, just need to go thinner a size or two. Put in a thinner shim, recheck and readjust as needed. Double check several times. Do the shims, crank it over (BY HAND) to make sure they're all seated properly and check them all again.
Easy work... just takes time.
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