Didn't have much time tonight, but I did check for spark at each wire. Each wire sparks.
The engine has a high amount of what I believe is blow-by. The light smoke puffing from the breather cap/ vent slots when running, and then drifting out after being shut off.
The plugs (which were new 2 months ago, with less than 20 miles on them, are either blackened already, and there are one or two that are slightly oily.
I wont have time tomorrow for further diagnosing (gotta love work), but I will delve into this more and more as the days come!
I appreciate any and ALL feedback given, and yet to be given!