Update. No replies necessary or expected.
I went out this morning and bought myself a brand new NGK plug to begin today's festivities and to satisfy breese's observation. Installed it, and after two pulls the engine springs to life, runs for a minute or two, and then dies. Pull, pull, pull, pull...nothing. Dead. Yank the new plug: bone dry. Open the fuel tank cap. Pull, pull, pull...nothing. Spray 2-cycle down the carb throat, engine roars to life and runs for another minute or two, and dies.
In short, I'm right back where I was eight weeks ago. For those who haven't followed this drama, this is after new fuel lines, filter, carb rebuild, carb replacement, and valve adjustment. And I don't care what Wolf's ohmmeter shows, this is a fuel problem.
Can you say "despondent?" I can. I'm standing in the driveway looking at my dead BR 550, thinking. Then he came. You know, that other guy in your head. The one who shows up at your weakest moments to make you believe without reservation or hesitation that you can't think your way out of a five sided box. Yeah, THAT guy.
Hey, Dummy.
What?
Dummy, what's been the cornerstone of all your efforts these past eight weeks? You know, the one symptom that led you down this tortuous eight-week path?
The engine won't start, and the plug is dry. Therefore, I have a fuel delivery problem, not an ignition problem. I've known this classic diagnostic since working on minibikes when I was 10 yrs old.
Hey, Dummy, have you ever seen a wet plug in this thing?
No.
Hey Dummy, is there something you can do that, according to your logic, would force the plug to be wet?
Well, yeah. I pulled the plug wire and cranked the engine about a dozen times. Pulled the plug. Bone dry. Reassembled everything and the engine starts after two pulls.
Hey, Dummy, what does that tell you?
Well, for reasons known only to God and Stihl, the classic wet/dry plug diagnosis may not apply to this engine.
Right, Dummy. What are we gonna do now?
We're gonna order a new coil.
Good boy, Dummy.