Yes chain spins just fine by hand.
With bar and bar cover off; the cluch/sprocket assembly spins just like you'd expect when saw is running
With saw + bar + chain all put together... I can lay on the throttle and absolutely nothing moves.
I'm an amateur at chainsaw repair, so bare with me here.
Just to recap - Correct me if one of these is not true.
With the chain on the bar, but the bar off of the saw, the chain moves freely.
This would mean that the sprocket spins freely, the bar is not pinched, and none of the drive links are bound up or damaged.
With the bar and chain off the saw, but the rim/sprocket and e-clip installed, clutch cover removed, and the saw running, the drum and rim/sprocket spin when you hit the throttle.
This would mean that the clutch and break are working correctly when there's no load applied.
Question here: If the above statement is true, is the saw pumping bar oil out when you do this?
With the bar and chain on the saw, clutch cover removed, e-clip installed, and saw is not running, the chain spins freely by hand.
This indicates that nothing is bound up.
With the bar and chain on the saw, clutch cover installed, bar nuts are properly tightened, saw is not running, the chain won't move on the bar.
This would indicate that your clutch cover is somehow pinching either the chain, the rim/sprocket, or the clutch drum. There should be a wear mark on the clutch cover.
If the e-clip is seated in the groove on the drive shaft, then maybe the stud for the bar nut has worked loose? (has been known to happen on the clones).
If the e-clip is not seated in the groove, then you may have something wedged under the clutch drum. Maybe a broken spring on the clutch (known to happen with the clones). Use a 1/4" impact and a 19mm or 3/4" socket to remove the clutch. It's a left hand thread so run the impact forward to remove the clutch and see if anything is floating around in there. Check the springs on the clutch and the clips to see make sure everything is present and in good condition.
Check the arm from the oil pump and make sure the tip is in good condition while you have it apart. If it's worn already, get a replacement.
When reinstalling the clutch, make sure that the notch on the edge of the drum lines up with the arm from the oil pump. If it does not, you'll wear the afore mentioned tip out and have to replace the arm.
I can't think of any other failure points to investigate.