Quote: Ground up restoratoin "but" with an original L16, what did you expect? If it didn't have the L16, it wouldn't be a restoration, it would be a rebuild.
A restoration is where all the original mistakes are re-installed into the car, including an original engine.

Give this engine a full tune up & see how it goes from there. Make sure that the second throat of the carb kicks in as it is supposed to. Point bounce should not kick in untill somewhere near 6,000 revs, but then again, one would not normally see these kind of revs in a stock engine unless the engine is being abused.