Ok..If i get this right, the bike was running and the fuel mixture got goofed up and fouled out the plugs. Now you have put in new plugs and new points and got a "pop" after spraying some starter fluid.
The timing can be adjusted at the points plate. If no adjustment to the tappets was made prior to the bike not running, then chances are that the valve lash is OK.
Being that you got the "pop" means you have spark. You still could have a fuel issue. Pull the plugs to see if they are wet. If not, then it may be fuel.
By a long shot..did you pull off the lobe from the spark advance? The lobe on the spark advance can be installed 180 degrees off...and look & fit OK. Such a simple error upon installation could be a major cause for starting grief.
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