Re: Where's the smoke coming from??
Does it smell like fuel or oil? Do you have a video to show us?
If the float level is too high the engine would run rich and might not run smoothly. Gas mileage would also suffer. With the engine running at idle, look down the carburetor. Do you see fuel dripping off of the discharge nozzles? If you do the the float level too high, if not then it is OK.
I also was looking at one of your video and noticed a HEI distributor had replaced a point distributor. The point distributor has a resistor wire to help prevent burning up the point a low engine speed. You will need to bypass that wire so the HEI distributor will get full power. Also the original wire gauge is too small. The easiest way to update this is with a relay and a fuse. Also make sure you engine idle is set to spec because the centrifugal advance will start to kick in around 1000 rpm.
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