Wow it seems like forever since I've done an update to this thread but but here we go. I finally got the truck to cool as it did when I first got it together (180*), after about 6 gallons of antifreeze, a new water pump, flushing the system and adjusting the timing countless times but its finally doing what I need it to do. Also I have installed a MSD StreetFire ignition box along with a Blaster coil form MSD. For some reason I was burning up coils left and right also, but that's fixed too. And about the bog and load up of the carburetor, A buddy of mine gave me a parts 650dp and I used the metering plates off of it and slapped them on my carb. and PRESTO, the truck runs and sounds better than ever. Two other add ons have been a set of ford racing roller rockers I picked up off craiglist for $100 and a roll pan I found for $125. Sorry for rambling but I'm so excited having this thing back running as it should.
It won't be long and I'll be taking her to the track to see what kind of numbers I can turn! I"ll keep you informed.