TOYBOY89
+1y
In the one picture of your engine it looks like the line off of the top of the fuel pump is running to the carb. That should be your return, the line closest to the valve cover is your supply to the carb. If you are running the stock carb and fuel pump I would ditch the pressure regulator, it is just adding more confusion into your problem and there is no need for it. Fuel pressure regulators are usually run on the return line!
To adjust you fuel mixture, turn the mixture screw in until it idles rough, then back it out about 1/2 turn.
Checking your timing is critical! Your idle speed will likley need to be around 700-800 rpm for your emissions test? Adjust your idle speed after you get your timing correct, then recheck timing. Be sure to check your total timing, this includes your base timing with vacuum advance disconnected at specified idle speed, then rev it up to 3000 rpm, make sure your centrifical advance is working. Then reconnect your vacuum advance line and rev it up again to see even more advance, this tells you how much vacuum advance you have.
Centrifical advance should be about 12-15 degrees. Vacuum advance should be about 10 degrees.