Keep the stock mechanical pump - add a good regulator if you can find one . Avoid that crappy chrome-dial Purlator/Holley/whatever brand , they are junk . Make sure you have a good heat insulator under that carb , later model Cruisers it's nice if you can get a carb cooler fan and make it work - it helps . Best insulators were the later model ones with the sheet metal heat deflector built into it .
Sarge
Sarge, Attached is a picture of the carb. I have the stock mechanical pump (I believe because it looks original to the LC). I do not know if I have a regulator, but can check and go on line to look if needed. I am not sure what insulators are, I do have "high-riser plates" under the carb for vacuum installed by the PO. Are those the Insulators?
The other thought, there is a lot of condensate coming from the Valve cover (where a PCV would go) You can see the tube going into the air filter base. I'm thinking that the "un spent fuel" puddled in the intake may be that condensation. Wondering if anyone else encountered that.
Before investing in Regulator:
I will disconnect the breather from the valve cover, remove the carb and clean the Condensation / fuel, re-install the carb and run it without the breather feeding into the air filter. Will see what happens, not sure that will resolve it but....
Thanks, Boaf