An update after running 1/2 of a bottle of seafoam through the carb and the other half in the fuel tank. I let the engine site overnight, in the morning I ran the engine just a few minutes until it smoked, shut it off and waited again the following morning to drive the heck out of it.
I readjusted the valves with Snug pressure on the gauges this time, Here are my current numbers
Cyl = pressure before and after...
1 = 160 after 170
2 = 150 after 150
3 = 150 after 152
4 = 170 after 160
5 = 180 after 170
6 = 155 after 155
7 = 190 after 150
8 = 180 after 160
After checking compression I readjusted my timing 12* advanced at 500rpm, 40* total advance at 2500 rpm, adjusted my idle mixture screws a bit richer and choke idle to 1000 rpm during cold start, 19in vacuum, 480rpm idle, Engine seems to be purring along nicely. I will drive it around town and highway, if all is well, I want to drive to escondido 30 mile trip on a Cruise Grand night.
One strange thing, after cleaning the carbon, my oil pressure at idle is running 50psi and higher but drops back down to normal when it warms up. I am not sure where this random pressure is coming from, maybe sea foam made its way down into my oil but I am going to do an oil change before I drive her again. The engine does not burn oil at all nor does it smoke. Any thought about the pressure would be appreciated?