I just read the specs for the Edelbrock RPM camshaft. That's a pretty rowdy cam for a small engine like the 340. It should idle at about 900 RPM in neutral, with a drop to about 700-750 and choppy in gear. Chryco's advice for modifying the carb is spot-on, and a little reading on the tuning of carburetors for "non-stock" applications is a good idea. Given that all the distributor information is correct (as an MSD, it should be), an initial timing setting of 16-20 degrees, with between 16-24 degrees of advance, is about right. The advance should be "all in" at between 2500-2700 RPM, and the thing that seems to be forgotten here, is that the heads are aluminum. Aluminum heads not only tolerate more ignition advance, they require it. The double-pumper can be made to work, but I am not fond of this style of carb on a street-driven car. The transmission is doing exactly what it should,, as the stock governor in the trans will shift the gears at about 4,500 RPM in this application. Your options are basically two: change to a high-rpm governor, or shift it yourself when you are serious. I like option two, and use it often. I think that this could be a fun and awesome car, but it will always be soft at the bottom end.