Hello all, I'm new here so please bear with me if I do anything wrong!
I'm looking for guidance with a problem with a 1955 MV 175 CST which I bought some months back, it was sold to me by an elderly gent's son, the old boy had sadly passed away. The chap had started fitting a VAPE CZ 12volt kit to the bike and I completed it however I'm not now able to start the bike. (It was running before the conversion).
I've set and re-set the timing, TDC on the compression stroke, there's excellent compression and I've got a nice blue spark at the plug. Fuel is fresh stuff and is getting into the cylinder as the spark plug stinks of it when I took it out to check.
The little Dellorto carb primes ok. I've tried all combinations of choke and throttle settings, with the choke fully on and the throttle 3/4's on it spits a little flame out of the exhaust (I realise choke and throttle on isn't a normal way to start a cold engine but I was trying everything). This backfire / small flame confirms to me that compression, spark and fuel are present but that something isn't quite right.
I'm a locomotive engineer rather than a bike engineer but I'd really appreciate your thoughts, tips, guidance. No problem if you can't help, I'll just have to persevere.
Photo of bike attached.

Thanks, DC
Apologies, this bike isn't a Guzzi (I've just sold my Imola).