You have spark, must be enough oil in it. I don't think the oil has done anything except maybe to continue fouling your plugs. Try a couple shots of starting fluid. If it fires and runs 'til starting fluid is burned up, try again. If it just runs on ether, there's no fuel. It ran well enough during bench test. Where did the fuel for bench testing come from? Is there gas in the bowl. I wonder if you fixed the carb when the problem was fuel supply? Does fuel come out of fuel line? Maybe problem is a kink in the fuel line from re-installing. Or a pin hole in fuel line between gas tank and fuel pump. Or finally filter or pump are bad. How much gas is in the tank? The generator fuel pick up in the gas tank is generally elevated so the generator runs out of fuel before stranding you with no gas. 1/4 or even 3/8 tank and genny won't get gas.
Good luck with it.
Bill