Ok boys and girl (just for you Vikki). As a result of this latest issue here is what I found. To start, problem is now solved. However, in trouble shooting this issue I found the following and have since fixed.

1) Plugs were toast, replaced with A/C 43 (are these correct)?
2) Alt. was toast (installed in 03 and was completely shot). This was a $35 Advanced Auto alt. and they replaced free of charge.
3) Battery was beat up from bad alt. also installed in 03 replaced with a new one.
4) Found a vacuum port on the very back of the carb that was wide open. Now installed a plug on it and car runs better.
5) Changed my timing a bit (rotated it clockwise) car runs much better. Going to buy a timing light tomorrow.
6) Still going to have the carb. set up correctly (SOON).
7) Once carb. is set up I will look into fuel pressure etc. because I still think (for some reason) the car is not getting enough fuel.
8) Still need to look into vacuum advance, make sure the vacuum switch is working properly etc.

Thank you all for your help/suggestions etc. Looks like this time around things are all set and back up and running!!