Yeah, you did well on that deal, especially if the quad is in good condition. TORS stands for Throttle Override System. It is a series of electrical switches on the quad which work together to shut off spark if the throttle accidentally gets stuck open. The TORS does NOT have any affect on fuel delivery to or from the carburetor. There is also a microswitch on the parking brake, which works with the TORS system to prevent the engine from revving past idle if the parking brake is left on.
Problem is, throttle slides almost never get stuck in the real world; Yamaha basically had to install the TORS system on all their 2-stroke quads to cover their ass, in case somebody, somewhere, wrecked a quad and tried to sue, claiming that it was Yamaha's fault the throttle stuck open. In reality, Mikuni would have probably been liable for stuck throttles (the guys who made the carb), and the TORS system interrupts the spark at all the wrong times and causes all sorts of headaches.
To get rid of it on your 2003 Blaster, trace down all the switches. There is one in the thumb throttle housing, one in the big box on top of the carburetor, and one on the parking brake. Unplug all of these switches for the time being. Now, look at the 5 wires coming out from the stator plate of the engine. Find the green one and unplug it. Make a jumper wire to ground out this green wire to the engine.
Now kick the quad over with the ignition 'ON', and the TORS system should be disabled. It may well start right up; I doubt the ignition coil is bad; it sounds like you've got TORS problems somewhere. If the engine starts with the TORS unhooked, you've found the problem. If not, replace that coil and try again. If you have a steady 12v pulse from the orange coil wire, it can be assumed that the CDI system is working properly.
Once the quad is running properly, you can cut off or tape up all the loose plugs and make a more permanent ground wire for that green wire.
Best of luck! Oh, and if I were you, I would get rid of that DG exhaust. It is basically a shiny chrome stock pipe without the baffles inside. You will get much better performance with an FMF, Toomey, or F7 exhaust system. Toomey pulls hard in the upper range; F7 is a great pipe to 'grow into' as you do more and more radical engine mods (porting, stroker crank, BBK, etc...). And trust me, you will. The mod bug bites hard.