I've just had an email from the bloke I sold the ER-5 to. It turns out that the problem was the fuel tap. It was open fully all the time so it was running rich, flooding at low rpm and filling the carbs and eventually the engine with fuel when stopped. He replaced the tap assembly, made up a 'new' set of clocks from the original broken ones and the shite old set I bought off of ebay, changed the oil and filter, new rear tyre, proper front indicator and it's working perfectly. I've asked him why he thinks the air box filled with coolant and engine had no oil in it but haven't had a reply yet. I'm glad he's happy with his purchase!