OK, I couldn't tell the smoke color in the video lighting. 9.8? Damn. You'll get 10's and 125+ pulling about 2.5 AFR out of it. If you're running good fuel, your BTM should not have much retard either. Maybe 3-4° near redline, if that. Read a couple plugs every run. Every run. The retard is most useful for avoiding det with pump gas, so if you have plenty of octane, you'll gain a lot right there as well as keeping the valves much cooler. Extra rich and retarded will cook your valves and seats, and can easily overheat your turbines. Also, open those plug gaps. It's good to run safe, but you're on the edge of too safe for the engine's good.
[EDIT] BTW - what's your shift RPM and what psi there?
All passes thus far are all at 10 psi, stock cam, and stock 3.08 gears. Since the head swap I raised shift RPM from 5500 to 6000. oh yeah it in the 10s now as shown below....
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I can never remember what way to post videos on each site! lol