Ok I Thought I would let you know a few more details of todays research and testing
First off the carb has a brand new brass float, the dizzy, leads and plugs are all new, the plugs were gapped to .044" as thats the standard gap for the Bluebird series 2 L series motor, which is what the dizzy came from.
But today I removed the plugs and regapped them down to .035" and the motor will rev like normal, well pretty close
I think it may be a bit lean as the plugs are a light pinky brown colour and power feels a bit sketchy and buzzy at full throttle once the revs start to climb over 5000rpm.
What is the correct colour for the spark plug? I heard that white is too lean, black is too rich but somewhere in between is about right.
I have a fuel pump with three tubes coming out of it, an inlet, an outlet and another tube I am not sure of, it has a tiny hole in the end of it and fuel will come out of it if I leave it unplugged, I am guessing it is a fuel return line, the motor came out of a C20 vanette
Thanks for all the help gang your all helpful legends