What do you mean when you say "blades have no (or normal) resistance"? It sounds like you're saying the engine has no compression. If so, this is unrelated to the carburetor or ignition.
You also said "Mag drops have progressively decreased for each mag (still not quite 150rpm drop per mag & about 50rpm difference between the 2)." If you are
down to 150 you were out of spec to start. 150 is about the max you want to see, as is the 50 RPM difference.
Assuming you have good compression (you just got done confirming that, right?)

and, since it ran, albeit not well, before you took the mags off, I'd bet the mags are not timed correctly.
If you got this far, I'd do the following:
First, forget the timing gauge for the moment.
Second, be certain you're really on cylinder #1. (right rear).
Pull all the top plugs out. Rotate the crank until you get compression on #1. Stick your pinky, or a wooden stick, in the plug hole and get to TDC. Observe the timing marks on the crank flange. They should align with the bottom split on the case. Turn back past 24 then forward to 24.
When you insert the pin in the mag, rotate the mag backwards to align the holes. If you go forward, you have to go past the point where the impulse coupling trips then back to align the holes. (Could this be the problem?)
Insert the mag and fasten loosely. (Remove timing pin!!!)
Now you can whip out the buzz box and the flower pot if you want and fine tune the timing, just be sure the impulse couplings have been "snapped out" before you try to time it. Don't back up too far or you will reset the impulse coupling which will throw the timing off.
The more I think about it, the more I think your initial problem was the mags, or plugs, or both, and now you've just not got them firing at the right time.
If you want to do a gross check, pull the top plugs out. Get the crank to the point where you're coming up on the compression stroke on #1. Hold the #1 plug wire near the cylinder fins, but not near the plug hole. Switch the top (right) mag on and rotate the prop through TDC. The impulse coupling should fire at about TDC and a spark should jump from the wire. Just be careful as you can light off any vapors that might be floating around.
Repeat for the lower plug wire.