Need Opinions. Have nothing to compare to.

Lazy is a term sometimes used to describe throttle response. I believe what he probably meant.

Thanks Mattax! That's kind of what I'm thinking too. With the 3:23 gears in there and running it in 3rd gear, it did take a bit for the throttle to pick up and you are probably right about that being the reason he said it seemed "Lazy"

Distributor curve. I agree it is best to know when it stops advancing. Also two points is not enough to know the shape. It may be a two stage advance. It didn't ping at WOT, so it was never too advanced at full load. The advance may slightly retard at higher rpm. Depends on the ignition box and distributor. Since your not turning it much past 5000 rpm at this point, I don't think its that important.

I agree. It would be nice to know what the advance curve looks like in the distributor. When I can get a warmer day, I will disconnect (and cap) the vacuum and put the timing light on it. I will start at idle and start raising RPM 200 points while checking the timing at each step. That will map the advance from idle through 3000-3500 RPM in 200RPM increments so I can graph the curve, but also see when it stops advancing.

It's likely the difference in timing between the two lights is the electronics. At higher rpm, the slower one will show up. Or if you ignition is multi-spark, who knows. Doesn't matter as long as its consistant.

Very possible. He was running what looked like an older SnapOn digital. I am using a brand new Innova Pro Digital so I can watch RPM on the timing light and adjust/check the timing. My ignition is a standard Mopar electronic ignition box with a Mopar Performance coil (mounted on the intake just like stock) so I doubt I have multi-spark ignition.

I honestly think the lean mountain we are seeing is the throttle being squeezed on. AFR should go leaner with more throttle (load) until 70-90% full throttle, then it needs to go richer. ( On Holley type carb, that additional fuel is supplied through by "power valve" opening.)
See if the guys will let you do the driving next time you go.

So, if they WILL let me drive it, what do you suggest? Get it up to 3rd gear cruising at 2000 RPM and have them start recording immediately followed by me mashing the throttle to WOT? Do I hold that through 5300RPM (Don't HP and Torque cross at 5250?). I am open to your suggestions of what to do on the dyno (How I should make the pull)

Thanks for the input!