Your difference in exhaust pressure from the back 3 pistons, combined with fuel stink would make me first check that I was getting spark at those 3 pistons, and that the plug wires were on the right plugs. Next thing I'd check is if the rear carb needle is moving up/down properly and that it sits in its seat perfectly. If it doesn't sit down properly at idle, that could cause the fuel stink and poor idle, because its letting too much fuel through. Are the back plugs wet with fuel? You mentioned those SM needles, which means someone must have had the needles out to put those in. Maybe they weren't put in just right? Finally, is the choke returning after you shut it off. If not, that'd contribute to the problem.
The fuel stink may be unrelated to the poor running, and just be a bad float bowl gasket, since you've recently had them opened up. I've got that problem on mine right now. Under certain conditions, I get a tiny fuel leak through the float bowl gasket. Doesn't affect how it runs, but it sure stinks when it happens, though. I've got new gaskets, just haven't put them on yet....
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