The way my leakdown tester works...
1-1/4" PVC adapter with 3/8" threads on the ID. PVC adapter fits into the carb boot and then is clamped with the intake boot / carb clamp. Carb is off.
Air fitting threaded into the 3/8" thread
Connect the leak hand-pump / gage / check-valve to the air fitting
Spark plug seals the spark plug hole
Expanding drain plug seals the exhaust flange (pipe is off)
Pulse tube is sealed off with a piece of 1/4" stock and a hose clamp
All leakdown tester threads have a few layers of ptfe tape
Pump it up to 7psi and see what happens. If the gage drops quickly, you can usually hear where the leak is. Check all of your fittings and plugs to make sure your tester isn't the source of the leaks.
Places to check...both crank seals, intake boot, reed gasket, head gasket, base gasket, exhaust flange gasket, spark plug, case halve centerline.
Gasket seal surfaces on the cases might have rough spots from damage, old gasket material, silicone-homo, etc.
Main bearing play, crank runout/wobble, and/or rough crankshaft seal surface can cause crank seals to leak/fail.
Best if you've got the
Engine on the bench. Can't see/reach everything very well with the Engine installed and all the peripherals blocking.
Once you've got all the leaks chased away, that gage should hold 7psi steady for many minutes.
Don't try to chase leaks away by over-torquing bolts to "squeeze" them out. Its a good way to strip threads and break stuff. Stick to the torque specs. Sometimes you just need to loosen the bolts, tighten to half-torque in a criss-cross pattern, and then torque to spec in a criss-cross pattern and it will seal better. You have no idea who or how the previous guy worked on the Engine.