It's tough to diagnose running problems on bikes that have been dormant for years. Changing the seals was a good idea and I'm assuming you replaced the cracked intake manifold instead of trying to patch up the old one. If you have the equipment, I would recommend you perform a leak down test. If there is a leak, you will never get it to run right.
You mentioned replacing the gas and oil, what type of oil are you using and what ratio for the premix?
The possibility of blow by can be checked by measuring the ring gap and condition of the ring. Also check the cylinder with a bore gauge for taper and wear. If either is out of limit, you will need to replace or resleeve the cylinder. I'm assuming you have a manual with all the tolerences listed. Another useful check is a simple compression test.
Some "spooge" is normal from two strokes. You usually see it dribbling out the exhaust and to a lesser extent, oozing out around the cylinder to pipe flange. If it is excessive, I mean it gets all over you and side of the bike, you could be running the bike rich (too much oil in your premix or jetting problem or both).
One last recommendation, take the carb apart again and check that the float is not sticking due to varnish. When you say the bike runs good after a big lean over, it sounds like the carb float is hanging up. I would open up the carb and soak everything in carb cleaner then blow out all the passages with compressed air.
Start with the easy stuff and work your way up.
dogger
_________________ 1973 CR250M 1979 CR250R 1993 CR250R 2008 CR500R 2009 CR250R
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