Thanks for all the responses, I truly appreciate the brainstorm as it really helps.
I tried to load some pics of the plugs but my file sizes are too large. I'm at 3MB and the limit is 194kb, no idea how to rectify that, wish I could. They are NGK-R BKR6E plugs. I'm not much in the mood to remove all the plugs as it's in a '67 Mustang with the tall finned Shelby valve covers that chew up your knuckles. It also has the export brace which needs to come off as well to make things a bit easier. I know it's running rich, I just don't know how rich as it burns your eyes when standing behind it after a couple raps of the throttle. No black smoke and the exhaust tips don't show any black residue but then again it has only been run for a total of about 15 minutes after sitting for 6 years (the last time being fired when it was on the dyno when it was built).
On another note, apparently I was looking at the PV incorrectly and after speaking to Holley, they confirmed it is a 6.5. I'm still going to drop it to a 5.5 and maybe drop a jet size to 62's and start with my readings since it's been the consensus that these carbs come rich and Barry stated he's run them with as low as a 57 jet.
I'll check with innovate regarding the O2 being able to handle the 110 leaded for extended periods of time. I also will check with them about how to download the info from the 15 minutes and if it recorded anything or if I have to start over.
More to come and thanks.