I went back with the multi-meter to double check everything again, and here is what I found:
I only have 12v at the coil when cranking, so my new ignition switch is bad.
Wire breakdown at the switch
Blue is Pos. from battery
White Wire goes to anti-restart
White/black wire goes to the start relay
Black/Red wire goes to ignition coil.

When cranking all 3 pins are energized, when in run position, the batt. supply voltage is not going to any of the 3 pins. I am going to try a generic ignition switch as soon as I get a new starter.

Can someone confirm what is suppose to happen with the anti-restart wire, is it only energized when in the 'start' position? Do I need to hook this up at all?

Also, the electrically controlled plunger on the carb, is the a fuel cut off solenoid?

Thanks to everyone for the help, I will update when my new starter arrives, I tried a rebuild today, but the armature half disintegrated, not sure if that was 100% me, or if it was on its way out anyway, nothing quite like starting in the middle of someone elses failed attempts to repair something!