Maybe jack the truck up a bit to let the axle hang to get more room for the pan?
Also, did you get the timing gear moved? Remember, you really should check it with the degree wheel again, no assuming
As far as the PV, no need to beat a dead horse, but "going back to stock" with the PV will not cause the rich condition you had. I feel like I keep saying the same thing over, but here is a different discussion. The PV circuit does two things. 1 -
Time when the PV enrichment adds fuel to the mains, and 2 -
Controls how much fuel goes to the main jet circuit.
The PV itself only controls
timing. So your 3.5 gives the
same amount of fuel, it just gives it later. IF, you are getting TOO MUCH fuel from the PV, then there are restrictors behind it that can be changed. Small jets (PVCR = power valve channel restrictors) that control the
amount from the that is added to the main jet. However, for a street vehicle, typically you have some room to jet down so that it burns clean until you add a load, then the PVCRs add fuel. So, if you really believe there is a PV fuel issue (
I am not sure there is, I think yours was blown from the backfiring) then I would start by looking behind the PV to see if someone left a restrictor out completely.
Now, why all this stink from me about the PV? At higher throttle openings, the engine is running on main jet. You want it to burn lean for mileage on a street vehicle, when you roll in, like climbing a hill or passing, you want the extra fuel to kick in. With a 3.5 PV, you likely will never get that fuel. If the engine doesn't need it, then you have too much main jet (but we know that isn't the case)
So I will eventually give up trying to talk you into setting the carb up correctly

but, I am still with you, looking forward to hearing what you come up with this weekend. The cam timing should get you some throttle response and make it easier to tune.
If you pull apart the carb, you will likely need float bowl gaskets, metering block gaskets, and the PV. However, as a carb stays together a long time, things tend to stick. So taking it apart to check on things inside will likely mean you have to replace all those gaskets even if you don't want to. If it was me, I'd either leave it for now, or I'd just set it up correctly before you fire the motor. I know it counters what I originally said, but there is no real reason to take it apaprt multiple times and risk stripping a float bowl thread or potentially warping a metering surface from overtightening.