Have you checked if the rotary valve still turns with the engine? I guess the best way is to remove the carbs and look down into the intake manifold.
Be careful of leaving any bolts or screws loose(they loosen by themselves from vibration), they can fall into the rotary valve and jam up the works, blue lok-tite thread locker is specified to keep screws from loosening and falling into carburetor.
The fresh fuel you're using, mix it with oil until you know the oiling system is working properly, 40:1 should be enough, I use 32:1 b/c I'm an oil nut when working on 2-strokes. A little extra doesn't hurt.
And yes, make sure the rotary valve gear box has oil inside or the brass gear will get torn up, so the oil system more than likely needs new lines if they're old, replace them every three to five years is a good idea. 3/32ID, I believe is the size you need, weed eater fuel line this size made of tygon is good stuff.