You're going to have to do some investigation. We can give suggestions but you'll have to do the actual checking of stuff. I'd start with valve lash and see if that frees up the flywheel at all. Then remove the carb and start over. Reinstall it, taking care to make sure everything is sealing good and tight. Spray the carb with ether and see if it fires. Then start working on the carb.
having a tach would help.
Top speed is about a lot of factors but that is the least of your problems at the moment