CORRECTING THE HOLE MIS-ALIGNMENT IN THE BUTTERFLYS:
I removed the carb (again,,,,,,,5 minutes

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Only the primary butterflys were drilled wrong causing a rich condition at idle (again,,,,,,,,

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I tried just removing the 2 butterflys & rotating them 180* to correct the mistake...............but Holley drilled the bolt-holes in the butterflys off-center..,,so I soldered the bad holes closed and re-drilled them in the correct location......
There....everything is where it ought to be......
Now get out there & I'll reduce the jet size in the secondary metering plate since the O2 sensor readings were nearly maxxed out at 60-70mph...
*******BEING OLD-SCHOOL, I WAS WR----WR-----WRO------WRONG ABOUT THE USEFULLNESS OF 02 SENSORS--THEY'RE SOME HANDY LITTLE DUDES---EVEN ON A CARBED ENGINE**********
Goooood news.....moving the holes 180* in the primary butterflys caused the O2 sensor readings to drop fro 0.9VDC down to 0.7VDC at idle once the engine reached 180*F......
ALSO........by readjusting the idle-air screws I was able to bring the reading down to 0.0VDC,,,,,,,,,,,,,,the recommended reading was 0.5 to 0.6VDC, so I adjusted the air screws until I got a 0.5 reading,,,,,,,,,,,I was able to vary to readings by adjusting the screws 1/8 of a turn to change the 02 sensor output 0.1VDC/per 1/8" turn of the screw ***prurdy sensitive 02 sensor...
Since I installed only one sensor on the passenger's side exhaust---I adjusted the driver's side idle air screw the same number of turns....the 02 sensor is so sensitive that it was varying plus or minus 0.1 VDC with the engine idling (probably because of the varying air/fuel mixture of the carb)
I also took the secondary bowl off and rejetted both jets down 30% from .050" diameter down to .045" diameter (the change in size is about the thickness of a hair)
When i get time I'll take the truck down the highway and get some readings at 60 & 70 mph.
UPDATE SUNDAY: The idle reading of 0.5 VDC was good when the engine reached 180*F........so I drove the truck 60-70mph......the meter never registered more than 0.1VDC.....which means that I jetteted the main jets down too much causing the truck to run lean & stumble when I go to WOT.
sooooo......I removed the two rear jets and drilled them out to 0.050 &n re-installed them.....I'll test drive it again tonight to see what the readings do at highway speed
(copied from later post)
I got home too late to test drive it/watch the voltmeter/stay on the road....
I enlarged the main jets to .050" diameter(back to where I previously had them drilled)
I'll try to drive it Tuesday and get some good readings at 45-60-70mph & post em......
UPDATE: I drove it about 40 miles today....but I put a "cold air" intake on it and it thru off the readings.....RATS!
At idle it's reading 0.1VDC and at 60mph it's reading 0.0V to 0.01VDC........looks like 1/8 turn on each idle-air screw will solve the lean-idle....
and drilling the main jets out 0.002 per jet will richen the cruising mixture just enough (but I have to find a 0.052 drill(bit) first....
UPDATE 9/30/2012: I drilled the secondary holes out to .055" since the drill (bit) was handy. Bad news is---the meter shows only 0.01 VDC at 60mph...considering that the two secondary jets are now 20% larger. The GOOD news is---at 70mph the voltmeter registers 0.4 VDC, but the voltage drops to 0.2 VDC while cruising at 70 mph.
At least the larger jet-size is getting some response from the O2 sensor now.
NEVER try to modify a vacuum secondary carb.....LOL.