Thanks everyone for the advice. I got it running last night. It was a combination of me screwing up the distributor when I pulled it out to change points and condensor. It was off probably one tooth when I put it back in. In the meantime I noticed that gas was still draining into the carb when the motor was off.
I pulled the top of the carb off and cleaned the bowl and needle valve and blew some air on it and reinstalled it. Fired it up and timed it with a timing light and it is running great and no flooding prior to starting. Good to go.
