Couple of issues to take care of before I get it out on the street. First is the brakes, they are non existent! I rebuilt the whole system from the master cylinder back to the rear, replaced all the lines and rubber hoses etc but they are still junk. I think I have the adjusters all the way in so the brake pads are not engaging the drum. I also found out that my passenger side front wheel cylinder is leaking now, probably from sitting for over 2 years.
The other problem is the engine is burning oil/running pig rich... a light puff of blue/black smoke on startup and when I took it around the block it was burning it on acceleration. I didn't bring it over 4k the whole time and the engine only has a couple of hours of run time on it so the rings have probably not fully seated yet. I think it is oil pushing past the rings because of so much positive crankcase pressure. I only have the PCV valve in the back carb and the push on oil filler/breather in the fill tube. I am going to be adding some big Offenhauser breathers to each valve cover to see if that helps. The funny thing is it wasn't burning oil when I was running open headers only after I had my exhaust installed. I think it probably has way too much crankcase pressure now and nowhere for it to go. I also pulled the plugs to see if they were coated in oil and they were not, very black and sooty from the rich condition but not oily. I will try to get a video of it on the street once I get these issues sorted out.