Re: 120 hp Carbs flooding now will not start
The plug that is black is caused by one or more possible faults, among which are: weak or poorly grounded ignition coil; incorrect spark plug wire; spark plug with cracked insulator; carburetor too rich. It is likely that the entire cylinder is as badly fouled as the plug and should be de-carbed, and it is also possible that you do not have adequate compression on that cylinder.
The recommendation would be to perform a compression test, followed by spark test using an inductive timing light to assure that firing is correct at all RPM ranges. Verify the float setting on the individual carburetor. De-carb the engine, then service the recirculation check valves.