Hello Randall....Let me be the first to say welcome to the Stovebolt forum. AS you can see by my post history, I also am relatively new. This is a great place to exchange information and diagnose your problems with others. It has been a trememdous help to me.
I have your same rig in my '54 1/2 ton. I'm assuming your carb is a Rochester type B??? Although I cannot offer technical expertise on your problem, I speak from experience to say that I encountered the same type of problem last year. there are a myriad of gaskets offered with the typical rebuild kit. In may case, I had used the wrong one and the "squirt" that you refer to was actually hitting the gasket and draining down....as best I can remember, anyway. Perhaps others can chime in and offer some remedial insight to your problem. Again, Welcome!
JDJ
