Torontonian said:
Several scenarios. Weak battery, put a voltmeter to it and report back. HT lead loose. Swap spark plugs. Carb needle hung up in spring. Bad old float needle. Internally leaking old float. Check these and report back.
In addition, can you remember if the surge that you have crusing is more like a "blubbering sound" and sluggish or a more crispy intermittent staccatto-like skipping/misfiring? The reason I ask is surging is associated with a lean condition. The exhaust note can tell you alot.
I know you only asked for a starting point, but this is a situation where it can be carb, ign or even valve adjustment - a lean mis-fire and intermittent spark are symtomatically alike. So you have to go in two directions at the same time!
A very easy mistake to make is hanging the needle on the edge of the nozzle when fitting the slide back into carb body. The needle and retaining clip gets pushed up into the spring. Depending on how far its pushed up, you can get different mid-range rich symtoms. Take the top of the carb off and inspect needle/clip position. look close, it might not be much. I have seen the needle get pushed just a notch and everything look fine.
With that said, I would start with the needle check first and a good ole poke and wiggle test next (wiring connections). If that's not it, before we speculate any further you need to provide more details (single or dual coils, for instance) Is it worse when hot or does it do it only when hot. Is it temperture sensitive at all? How is the idle? (fresh plug of course) What does it do when you blip the throttle? Is there a hesitation before it will take the gas?
Then again, it could be as simple as a tight intake valve.
Hope this gets you on the right path, good luck.
Mike