Here are the Ford 226 Car / Truck engine specs I don't know of any major differences in an Industrial 226 version. Good luck

Edited
"swpaguy Wrote 1. What is the correct oil filter size. It came with NAPA 1010.. That seems small."
1. I don't know on the oil filter. but it maybe the right one you should be able to find that out for sure at NAPA.
"swpaguy Wrote 2. How would i go about installing a temp gauge?"
2. Stock these engines had both Mechanical type Temperature & Oil pressure gauges so there should be a pipe threaded boss in the block or head to install a Temp gauge. If memory severs me right the boss is located on the left rear side of engine (this is standing facing the front of engine, if you have some pictures I can help ID it for you.
"swpaguy Wrote 3. How do i adjust the timing? New everything and there is a slight muffled backfire in the exhaust."
3. See the tune up spec below to ID the timing mark on the crankshaft damper. You can use a timing light if you have a 6 volt one or use a 12 volt hooked up to an external 12 volt battery source. Another way is to set the timing mark to index and then turn the distributor until the points just start to open or use a test light to be more accurate.
"swpaguy Wrote 4. Gap for points?(OK not everything new is installed yet)"
4. See the tune up spec below.
"swpaguy Wrote 5. A slight oil leak coming from around the fuel pump stem. Is there a gasket that would be bad?"
5. Is it a new pump? You only have a mounting gasket and then the pump diaphragm. If the pump lever pivot pin is loose it could leak a bit there.
1948 Ford 226 Flathead Six Tune up Specs
Spark Plug Make: Champion H10
Spark Plug Gap, Inch: .030
Firing Order: 153624
Ignition Timing Mark: Is a Groove on Pulley
Engine Idle Speed 475 RPM
Distributor Breaker Gap, Inch: .024 -.026
Dwell Cam Angle: 36 degrees
Breaker Arm Spring Tension: 17-20 Oz.
Condenser Capacity: .21-.25 Mfds.
Distributor part number: 7HA-12127
Distributor Vacuum Advance Rate:
Degrees Advance:
at 500 RPM: 1-3/4 - 3, Inches vacuum: .40
at 1000 RPM: 5-1/2 - 6-34, Inches vacuum: 1.4
at 1500 RPM: 8-1/2 - 9-3/4, Inches vacuum: 2.9
at 2000 RPM: 10-1/2 - 11-1/2, Inches vacuum: 4.1
Valve Lifter Operating Clearance:
Intake: .014 Cold
Exhaust: .014 Cold
Cylinder Head Torque Lbs.Ft.: 50-60
Compression Pressure & Cranking Speed: 110 Min.
Engine clearance specs
Connecting Rod Bearings:
Journal Diameter, Inches: 2.2988
Bearing Clearance, Inch: .000-.0025
Rod End Play, Inch: .006-.014
Rod Bolt Tension, Lbs.Ft.: 40
Main Bearings:
Journal Diameter, Inches: 2.8740
Bearing Clearance, Inch: .0009-.0032
Crankshaft End Play, Inch (taken on rear bearing): .003-.006
Main Bolt Tension, Lbs.Ft.: 80
Valve Seat Angle, degrees: 45
Camshaft Valve Timing: (BTDC = before top dead center; ATDC = after top dead center)
Intake opens: 11 BTDC
Exhaust Closes Degrees ATDC: 10
Valve Spring Pressure Pounds at Inches Length:
Spring: 37 @ 2-1/8
Valve Stem Clearance:
Intake: .001-.003
Exhaust: .001-.003