little update: so we went about putting a new holley fuel pump on along with the mr. gasket regulator, russel pressure gauge, and fuel filter.
well we are still having problems. now its when you run the car for a little bit and get the gas sloshing around. something must be either clogging the fuel pickup or the line somewhere before the pump. the car runs great idling and sitting in the driveway, its once you get say 5 miles from the house, that all hell breaks loose. the fuel pressure starts dropping, the filter drains out, then the bowls, then the pressure hits zero. we are really thinking its the line or something since when you take the rubber line from the hardline to the pump off, no fuel spills out after this happens. i cant get the carb set up right since i keep running out of gas.