Hi Redbeeza,
quote from your first post!
"How could this problem have occured when the bike ran fine 5 months previously and I have done nothing to it, save kicking over the engine occasionally (plugs out) throughout the winter?"
Did you have the plugs in the caps and the plug bodies earthed onto the bike when you were kicking it over??
If you left the leads open circuit you may have damaged the mag windings??
The only other cause that I can come up with is one that had me foxed for quite a while on a bike I subsequently had to do a full rebuild on
This bike would start easily but would not run evenly on both cylinders, missing and shooting flames out, and as you say reddening the exhaust pipe (almost) as I didnt let it run for too long
I believe this bike had been sitting idle as well ???? ????
The cause was a collapsed exhaust valve spring
It would return the valve fine as the engine was kicked over but wouldnt return it fast enough when running
so flame out the pipe
Compression test was fine, on the kickstart
even with the dead spring
HTH
John O R