Well, OK, sounds like a good start. However...
You didn't reply about degreeing the cam so I am not sure that you understand the importance of verifying this aspect of the combo. Will it run like you have it? Of course. But, you may be leaving something on the table.
Again, it is a big job. The whole front of the motor has to come apart. Beyond the need for new gaskets and fluids, you need a degree wheel, something to find TDC (piston stop) and a dial indicator. If you find that the cam is not installed properly then you will need to change it either with offset bushings or a multi-keyway chain sprocket.
Realistically, this may be something that you don't want to get involved in since the car is running OK but understand that doing anything else without verifying where the cam is installed is pissing in the wind. A cam is a basic timing device, if it's off then everything is off. The 484 cam center line is 108 and the installed center line is supposed to be 106. I never like to push their stuff but the Mopar Small Block "bible" will outline all this in very dry detail.
A compression test will mostly only tell you if there is nothing grossly wrong in any cylinder. A few psi of difference is nothing to worry much about but if one cylinder is significantly lower than the others you may have a sealing issue.
A leak down test gives a more accurate indication of any issues and can help pinpoint valve leaks. Not sure if a leak down test will help indicate where the cam is installed but if you have air going past a valve at a point other than when its supposed to be then that might be your answer.
If you go to the Holley, then float level is pretty important as is the idle transfer slots and the throttle cable/linkage are operating right. Is it a vac. secondary? Once you get it idling OK then you can start playing with the secondary springs, jets and power valves. If it's a double pumper then you will be introduced into the wonderful world of pump cams.
An air fuel gauge will only be beneficial if you verify where the cam is degreed and have everything else base lined with a vacuum gauge. The gauge will help dial in the transfers, power valve and jets at specific throttle openings and under different loads. An A/F gauge requires an 02 sensor so you need to have a sensor bung installed into your exhaust a few inches before the collector. I would hold off on that until you take your initial steps and get it running consistently.
Here's a good article to read through about tuning at the drags with a wide band system.
And really, the timing needs to be optimal before you start messing with the carb. Your steps should be perform engine health tests prior to making any changes > verify cam installation > get engine running and baseline timing > start messing with the carb and possibly get an A/F gauge.
Also know that running down a track is totally different that running on the street so if you tune the car on the street and take it to the track don't expect it to be where it's supposed to be.
I went through all of this over the last few years with my car. I loved it but it can be frustrating sometimes especially when things don't work or make sense. I spent hours bent over a hot engine with a timing light, a vacuum gauge and a screwdriver tweaking this and that. I'd take it for a ride, watch the A/F gauge, wonder what went wrong and try something else. I'd think I'd had it nailed down then I'd take it down the track and it would be all over the place, like what happened?
It ran OK but it could have been better. I changed a bunch of stuff over time and got it close to it's best time by the previous owner (11.97) but I felt like it should have been in the 11.70s. I only managed a 12.20 out of it. I took the engine apart and it was tired. It had a broken piston ring in #5 so I was fighting a mechanical issue that no amount of tuning could help. That's why you need to verify your cam.
Hope that helps.