34-36 total, with 12-14 initial should be well within the range of a 72-later 340 on pump premium. In fact, that should be about perfect.
So, just to cover the obvious stuff. Your plugs are new and a reasonable heat range (1-2 ranges colder than factory spec). Your plug wires are new, or nearly so, and of high quality (none of that carbon core crap). Your cap and rotor are new and of good quality (brass contacts, anti-arc ribs) and it is spotlessly clean inside. Spark plug wires are routed correctly and separated in factory clips or similar.
A vacuum gauge is good for setting idle mixture, but not absolutely needed. Here's my procedure: With engine off, run each mixture screw in all the way and count the number of turns, then back each screw out the average of the two plus 1/2 turn. This should be 1 1/2 to 2 1/2 turns out. Start engine and set idle speed to something reasonable, like 800 in neutral. Now counting the turns, tighten one screw until you can hear the idle just start to roughen and drop off, go back 1/4 turn. Repeat for other screw. Rev engine, allow idle to drop and do it again. This will get you a "lean best idle".
If you can either run the screw in all the way, or must open them more than 3 1/2 turns for the smoothest idle, something is wrong. You said you had 18-19 inches of vacuum? That's a lot for a 340 cam. If your cam has shorter duration than stock, you may be over advanced at low RPM. You could try backing it down a bit. Just make some sort of reference mark so you can put the dist back to where it is now if you should need to.