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On a street engine, I'd say you definetely want vacuum advance hooked up for better throttle response.
On a drag car where you are launching at a predetermined RPM, you already are at or above your mechanical advance point. It is not as important to advance the timing right off idle.
Since this problem just started, I'd look for stuck float/ needle and seat or power valve like 12 sec Stang recommended. Since your fuel pump is pretty new, I wouldnt worry about it yet. But I wouldn't rule it out. New parts can fail too.
When is it running rich? All the time? Is the other end of the PCV system open?
Jason
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'93 F350 CC 4wd 7.3L 5spd, 240K miles
'69 Bronco SEFI 5.0, NP435, geared, locked...
'77 F150 4wd 351M, 435, 205
'79 F150 4wd lwb 400, 435, 205
"You can take the boy out of the trailer park, but you can't take the trailer park out of the boy."
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