Finally got the old girl to idle nicely after replacing the carburetor, mechanical fuel pump, new coil capacitor and points, new spark plugs, and adjusting timing more than once.
A lot of money to find out that the culprit was a combination of a bad carburetor (accelerator pump seal disintegrated and clogged passage way) as well as over pressure fuel delivery (near 8 -9 PSI instead of the 5PSI that it should have).
With the help of the great Steel Soldiers members, I am now nearing the finish line of this fiasco. The truck is slightly hard starting and stumbles when trying to accelerate from idle to a higher RPM.
I think the timing is off a bit as the idle and fuel mixture screw settings seem spot on. So I get to try my 5-12-24VDC vintage timing light (with spark plug adapter) and will try to make sure the timing is to spec.
A HUGE LOAD OF THANKS AND GRATITUDE FOR ALL THE HELP. I am hopeful that the timing will cure my problem.