I went back through and checked everything thing out with the engine at TDC on the second bigger mark. The cam lines up perfectly now, the distributor drive was a tooth out as well, so I fixed that. Started it back up and reset the timing at 12 degrees. Runs noticeably better now, vacuum at 20pds steady, feels a little cooler too. Took it on a test drive, more power off idle. Still a little stumbling as it approaches 3k, but almost no backfiring out of the carbs. I'm thinking thats the needles still.
As for the parts on the engine:
A87 peanut, ported to 1.5"
SSS intake
ZT Su's w/ M143 needles
Stock L16 cam
L16 stock pistons
All bottom end stock L16
Points distributor w/ Pertronics, Accel coil
I took a little video so you guys can listen, hopefully you guys can here it. There was one backfire in there just after I took off other that that it did pretty good.