I'd be suspecting a power valve from what you describe now. Have you monitored the vacuum at the different points?
I don't believe timing will cause the plugs to look like you're running overrich.
One other thing to eliminate from the equation is the PCV valve. A clogged PCV valve will give you a rich mixture. One of our members found it was causing problems with his HW jetting, which were resolved when he got a new valve.