Going to wrap this up.
I adjusted the carb float as some suggested, no help. Then too lean. Adjusted to rich accelerator pump setting, still lean (bogs on acceleration).
Tach signal wire was touching metal (rubbed through insulation, so I taped it up).
I replaced the original module with an Amazon $13 special that was given to me (timing was fine and went into base), but would warm up and move to about 6atdc…. Replaced it with a CDI module, and it was stuck in base timing right out of the box it would not advance.
REPLACED THE MODULE with a GM latest part# and WAH LAH! Timing is good, goes into base timing, but the carb is lean. Adjusted back to spec and revs like a champ!
So in summary: I had paper towel blocking float needle, grounding tach signal wire, but in the end it was a bad module x3. I spent some time reading about these and they just SUCK. People have had bad ones out of the box from all brands even GM/AC Delco also had good ones of all brands. My luck I got 2 bad ones out of the box and a bunch of other issues that made this confusing.
Loose plug wires and bad cap and rotor can cause these to fail (from what I read). I am guessing that is why my original failed.
Overall the manual trouble shot to the point where it said it was the module and it was.
I have read that these can fail completely, NO START. Fail where they retard timing after warm (my problem twice). Fail will not go into base timing, and the CDI I had failed stuck in base timing would not advance.
I appreciate everyone's time on this and helping me diagnose parts and issues.
Glad I did not take it to a mechanic, this could have been expensive. All in all I spent $130 on a new module.
So despite what some may think, I did not throw parts at this. I did a tune up and found a bad MODULE.
I probably could have cleaned the carb, but the choke was sticking. The shaft pathway was pitted and corroded. The manual stated to replace in this condition. Also it was corroded inside (minimal). Maybe it could have been ok with a sticky choke but it would have made it hard to start.
JOB DONE!