Here's a little more history on the engine. I rebuilt it completely around 4 or 5 years ago with the following main things done.
Bored .030" over.
9.5:1 Keith Black cast pistons
Lunati 60402 cam (262°/268° advertised duration, .475"/.494" lift at rocker, 112° LSA)
Head work including hardened seats and valve replacement where needed.
There has been less than 10,000 miles put on the car since the rebuild, most highway or around town but some aggressive driving mixed in.
Compression check on engine in May 2010 was as follows;
#1 - 150 psi #2 - 135 psi
#3 - 150 psi #4 - 142 psi
#5 - 150 psi #6 - 142 psi
#7 - 145 psi #8 - 153 psi
Except for cyl #2, all seem close. Including #2 they are within around 10% of each other (just about). Now I don't know what the correct numbers should be with this engine combination (pistons & cam mainly), but I'm not sure if it would be up in the 180 psi range. If I'm wrong, which certainly could be the case, then I'm open to feedback. But they were reasonably consistent then and I felt with the 112° LSA on the cam that I might be losing some because of that. Please, though, chime in with your thoughts. If something doesn't look right I want to correct it.
Also, I have attached a picture of the plugs when I pulled them out just before taking the latest compression readings.
I'm not sure what I'll ultimately find the problem to be, but it seems too early after the rebuild to be experiencing this, regardless. I know I have fought the 6 bbl. carb set up for quite a while and could have been running lean during that time. Not sure if that could possibly explain burnt exhaust valves so soon though.