Don't start throwing money at it. The only thing i'll agree on (other then a bad tune) is the carb being too small, put a real carb on it, not a kids carb, don't build something that you want to run then put a wimpy carb on it, why does so many do that. I'd check the tune, make sure its good, run a compression test just to make sure all is well, This is what i had & it was similar to yours, I pulled off 12.5s all day long shifting at 5100, you have a little more stall/cam then i did, I ran 3.73 gears, My junkyard magnum was a torque monster, check out the video in my sig, I ran right with a 69 Yenko 427 Camaro with my junk. The biggest mistakes i see many make is running too small a carb & crappy ignition. Check the obvious 1st.
71 Dart
360 magnum (stock short block un-rebuilt)
RHS heads
Re-ground tock cam from bullet ".477,.477, .218, .218@50 on a 112
Stock rockers/lifters/pushrods
Crappy Crosswind RPM
650dp
Summit 1.5/8 headers.
PTC 11" 2800 stall
3.73 gears
MSD dist. & Mallory box
10* int., 30* total all in at 2200
NGK plugs
Ran on 87 octane
Drove car 100 mile round trip & pulled off 8.0s & 12.50s @ 105 On motor
Threw a 125 shot at it a few times, the 1 time it hooked ran 7.4s 1/8 letting off.