Thanks guys.
I think I adjusted the float per the spec above (thanks Bubba!). The only way I know to adjust a float is flip the horn upside down and measure. Hope that's right. It was slightly off - perhaps 1/16" or so - but not serious.
Question about "idle screw" - I *assumed* that's the idle mixture screw, not the base idle screw, yeah? I hope so, because I went ahead and set it to exactly two full turns, then readjusted the idle speed to 750 with the car in Park. In Drive, that gets me an idle that hovers around 675/700 or so. If the idle is much higher, the transmission creep is pretty strong and it requires way too much pedal effort to keep the car still in traffic for long.
I regapped the plugs from .040 to .045 and cleaned them up. They're extremely new, but the rich running leaves them a little sooty. The car is running Pertronix and a Pertronix coil, and even at .045 there is great, clean spark.
No noise on startup afterwards, however, although it wasn't cold today. I'll see how it does when it's 35 degrees tomorrow morning.

It's still idling richer than I think it should... A:F at a stop is totally unchanged. Out on road, mixture hovers at the high end of stoich under normal throttle, and mid-stoich at full throttle. That seems a little richer than ideal, but healthy, and the car feels good on the road. That said, the idle is definitely smoother than it was and I think the car has a little more go. I surprised myself and a bicyclist that wanted to drag race on my test drive this afternoon.
I filled the tank with 89 octane Chevron... I usually run 91 but I am wondering if maybe that's just more than the engine can use efficiently? No idea! But it's cold in Sacramento and even at full tilt with timing at 14 degrees there is no detonation.
I'm going to run it for a few days and see how it goes. I'm going to also get my compression tester back from my buddy and check compression. At this point, I think all the adjustments I can make are in spec so maybe I've just got a weak cylinder or something... I dunno. There's a 200/C4 on Craigslist in the Bay Area I'm really tempted to go pick up, but I'm not quite ready to throw in the towel on the original running gear yet.
Thanks guys!
PS, side note: The car handles WONDERFULLY with the new front end/KYBs/Shelby drop. On a particular onramp I take every day to work I used to get to the straight part before laying on the throttle, and getting up to freeway speed was a small challenge. The car is *really* confident feeling now, and I'm comfortably at 70 long before the merge lane ends. If I can get this running issue sorted, I'll feel really good about some aesthetic rehab! I joke about the car's lack of power, but truth be told there is nothing I'd change - it's really a great drive and I love the car.