I cannot figure out what you are doing.
Do you have a Honda workshop manual? You have to have that.
Many beginners take off the carbs and do not keep them upright, they
turn them upside down or or on their side and then if any debris is in the
float bowls it can slosh around and clog up the jets or float needle.
The float needles may need replacing if it has sat for any length of time.
Also if you did not clean the idle jets then all bets are off.
I think those carbs have the accelerator pump or pumps and those have to work properly too.
You say"I hooked up the air" but you do not say where you hooked it up to and
what you were testing or which cylinder etc.,.. Was that cylinder the air was going into on the compression stroke, with both valves closed?
We also do not know how many miles are on the motorcycle.
Sometimes you cannot just lap valves. They often need the seats re cut first.
If the points gap and DWELL are not right that can keep it from running.
You cannot gap a set of used points if they are pitted. It will not work right.
The cam chain slack must be taken up BEFORE the valves are adjusted, or you have wasted your time.
How do we know that you got the cam chain on correctly?
Here is what I would do if I got that bike in my shop.
First I would make sure that when the timing marks are lined up that the cams are in the correct position.
Then If they are, I would do a compression check. If that is OK then I would take the carbs off and make sure they are clean and functioning properly and re install them. All adjustment screws in the correct position.
Finally I would make sure the battery has a full charge(13.2 volts) and see if when the engine turns over it has spark (plugs gapped), at the right time.
Then take the gas tank and filter off and clean it and install a new filter.
Then it WILL start.
On a Roadstar Adventure.