For starters you say it has a 650 from a '75 model.
They stopped the 650 in 73 and went to 750, so...

Also you say it's a Bonnie yet by your wording it only has one carby.
Bonnies have two carbs

. So, it's either not a Bonnie or it has a different head.
If it runs OK once it starts and starts first kick once it's warmed up, here's what I think.
Cold start sequence:
1. Slowly depress and turn kick starter until solid resistance is felt.
2. Let it gently spring back to it's high position and just check again that the resistance is still there.
3. Pull your air lever (choke) all the way on
4. DON'T TWIST THE THROTTLE AT ALL
5. One big jump down on the kick starter.
6. Once it has fired, THEN you can give the throttle a twist.
7. Run for about 30 seconds to a minute and turn your air lever off.
If you don't have an air lever,

...there's your problem.