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Jaredts has you going down the right path. follow his lead.The carb is a brand new what? You said 650, 650 what? How is it calibrated? You took the distributor from your 305 but that still doesn't tell us what it is and how you have it set up. Not being able to baseline your ignition timing is an issue if you're trying to dial in your performance. Fix the basics then move on to advancing your performance and economy.