try bumping your timing up to 15 degrees, this will increase your idle vacuum a little, then check the fuel pressure again, are you checking it with the vacuum line on or off?! With the vacuum line on you should read somewhere in the neighborhood of 35lbs. You should get an adjustable regualtor as well, these are always handy. Let me know what happens? Hey you never mentioned whether or not you checked your timing with the spout connector in or out..........
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