11 POUNDS of vacuum!?! Holy cow thats a lot. 11 INCHES is more resonable ( I have 14 inches but I dont like to brag). Depending on the LSA of that cam 11" may be all you are going to get. No worries, at your altitude, thats fine.
Power valves arent too far away, the Scmucks on Overland in Boise has a fair selection, and any store can get one in overnight. But, the stock PV should be fine (you are running a 3310 right?). If so, I have put that exact same carb on several engines in the Treasure Valley running similar cams and they typically work fine right out of the box.
Also, it sounds as if you are lean for some reason, if you really need 4.5 turns at idle. Holleys generally come fairly rich out of the box, so, lets take a look at whats really happening. Does it take that many turns to get a smooth idle, or just to mask a flat spot? If your idle quality does not improve past 2.5 (normal), then you have some sort of a vacuum leak. If it takes 4.5 turns to get a smoth idle with that cam, I am betting you have a vacuum leak (at 2.5 turns, hold your hand over the primaries, does idle speed up?). Also, a flat spot off idle, especially one that you can "step through" is a classic symptom of a ported vacuum leak (like a bad vac advance). To eliminate this, cap the ported vac at the carb. Any change? Also, this is how you should be setting your timing, with the vac advance plugged. You must have stock compression if they recommended 16 degrees. If the above does not fix it, dig deeper. If it is backfiring through the carb, something is very wrong. Either you are over advanced, have vac advance hooked to manifold vacuum, or your float level is seriously low (you DID check that right?) You will eventually trash the power valve by letting it backfire, and suddenly the whole thing will be silly rich which can also wreck your throttle response.
You may have a vacuum leak at idle. Check the obvious, and replace the PCV valve. To see if you are leaking internally, cover the breather (non-PCV valve cover) at idle, and let your crankcase build a vacuum. If the idle changes even a little bit, you have an internal vacuum leak either at the ports or intake valve guides.
Holleys are simple, robust instruments, and they are capable of performing well on a wide variety of engines. If the carb is in good shape, I would look elsewhere long and hard before I start monkeying with jets and such. I bet your problem is a whole lot simpler than that.