Hi all, thanks for all the replies!
I switched back to 87 octane, seems to not have much of a problem.
I think my valve guides are worn. I do get some puffy smoke if I don't drive or start the bus often, but otherwise things have been fine.
My speedo is about 5mph faster than reality (according to some radar gun signs), and at 50(55) I'm clocking about 3000 rpms.
The carb, despite being rebuilt, does need love and I'm struggling to get it just right. I seem to be having some issues with the choke. Starts up fine somedays, adjusted the idle fuel circuit as best I can, but the settings the carb rebuilder set (3 turns, both sides) seems to have the best performance. Fast idle I can't get quite right...as a result, occasionally the bus stalls on cold start and I have to go in and fiddle with the choke plate to get it to maintain idle and warm up. Took me awhile to figure that one out
I've resigned myself to the mileage I have, but I am curious if the speedo is registering 5mph faster, if the odometer would run the mileage up faster as well. Would that make it appear that I have worse fuel economy than in reality?