A couple updates. I cut the fuel filter open to see how bad the rust problem in the tank was, I was surprised, the filter was clean. With that result I decided to clean and rebuild the carb. After the clean and rebuild, varnish was terrible from sitting with old fuel, and a newly crimped wire connection for the fuel cut solenoid I restarted and found that it ran far better than before but still had some erratic idle. I started looking at the ignitor/coil and distributor and found that I was lacking a good ground for the ignitor, and that the coil wires were loose on the coil. Fixing those issues along with the carb made it drive-able. The story isn't over yet, while driving it has a pretty heavy ping. I checked the timing adjustment and at this time it's 7degrees BTDC and it still pings. I'm thinking due to the high performance cam, the custom domed pistons and the de-smog I'm either going to have to re-curve the current distributor, buy a new non-USA distributor with points and ballast resistor, or a DUI. Still trying to decide the best route to go.
Thanks
Scott