What oil are you using. Your ratio is 34:1 which is very rich compared to what I run. If the bike only ran a short while, the dry/oily look may not be a true indicator. It is very possible to have the timing very far advanced (by mistake) during a rebuild. The engine will only run for minutes before it melts. I did that once and the piston melted in 3 minutes. We need some pics and more info to really help you. Cam.