So I know these 2.0's put out huge power and its probably a normal problem for everyone (sarcasm if you didnt catch on).

I picked up my 88 Mighty Max about 2 1/2 months ago and have been tinkering with it since I've had it here and there. One of the P/O actually put a Weber and elec fuel pump on already. I've owned older Fords since I've been 16, and just want to make sure everything is done right the first time with this truck. Im not used to such simplicity with the truck and I love it. Anyways I had to replace the elec fuel pump, put on a turn dial fuel press. reg. (for now, want to get one with a fuel return). I have the pressure reg set at 1.5 psi, turned down the fuel mixture scew to the carb. Im new to these Webers. I realize I could be running it lean, but it still diesels when i turn the engine off and a loud pop most of the time out of the tailpipe. So with it either running lean or timing could possibly be off, is there any advance that I have to unplug for timing and what is the factory spec?

Thanks for the help.