I finally found the reason why I was not getting any fuel flow to the carburetor: A plugged fuel filter.
When initially observing the old fuel filter, it looked fairly clean from the outside. I was planning to replace it, just to have a fresh filter in the system, but continued my trouble shooting from the carburetor back..
During the priming the fuel lines from the carb back, the fuel filter bowl was filled with clean fluid. but I was not able to get any flow...
I was going to order a new fuel pump.
Over the W/E I checked with my local auto parts stores, none of them had a pump in stock. But I got a couple filters from O'Reiley's.
I removed the old filter and inspected the suction and outlet ports and found the filter plugged solid ! After cutting it open, I found the paper filter clean, but suction open, but the outlet line was hole was plucked solid.
Those filters usually are get clogged with dirt and rust particles from the tank, causing fuel starvation, if not replaced regularly,but still letting some fluid thru and one can see the contamination thru the bowl. But my filter looked clean...
Apparently, during the long (10+ years) the fuel in the outlet side of the filter bowl turned to varnish and plugged the outlet.
When inspecting the filter media, it looked brand new, absolutely no dirt on it. Since I could not blow thru the filter from both sides, I cut it open and was able to blow thru the inlet line ok, but not thru the outlet line. After cutting away the clean paper media, I found the blocked hole on top of the filter... Never assume a clean looking filter is not plugged...
I installed the new filter, primed my lines and voila, getting flow and pressure as I should...
So no new fuel pump required, just a $ 4.85 filter.
On to getting the idle down so I can set my timing etc...