Disappointing dyno results

Yeah, you can’t do that. A roller vs a flat tappet cam specs is like comparing apples and orangutans.

If you truly put a cam with only .450 lift and 218 duration, that is your answer. Yes the carb is too big for that cam. Not too big for a 340, but that cam is garbage(no offense intended).
I would agree. The cam is going backwards compared to a stock 340 grind. I would put that cam in a 318 and make it happy.