Dropping it back to 14 should help with the pinging but you may need to back up to 12.
Don't know a lot about the newer Holley's but that should be a pretty good carb.
There's tuning instructions on Holley's web site for making sure the carb is set properly.
Is the electric chock wired up, if not it can cause a rich condition.
There's a spring kit you can get for the MSD to help with the timing curve.
On the ones I was working with we were trying to get a quick curve for our app but with the 2 lightest springs the advance weights wouldn't settle down until rpm dropped below 1000, this was causing the timing to hang up while still advanced about 6 degrees interfering with the idle setting.
For you car one light spring and one medium spring should get you full advance around 2700-3000 and still settle down for a good idle.
Probably how I'll set mine whenever I get time to work on my 406 FE engine, been a while since I tuned 3 two barrel carbs but I think I remember how.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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