UPDATE: I re-installed the Fuel Tank & Original Walbro (after cleaning), Carburetor. Re-placed Fuel Valve/w filter & Hose, Points, Condenser and Plug. I believe it was a combination of issues, mostly the carburetor needed a good cleaning. The Fuel Tank Shut-off Valve was faulty and filter needed replacing. Perhaps, the Points, Condenser and Plug did not need replacing but it is good to know they are new and all gapped properly.
It's Running fine again.
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