Adam wrote
Today, I tested fuel pressure.  Followed Bentley instructions for air-cooled
2 liter. at idle with vacuum line off, it ran 29 lbs.  with the vac line on, it ran
at 32 lbs.  Book says should be 36, so put on new regulator, same result.
Measured fuel flow from fuel pump.  got 24 ounces in 30 seconds..........8
ounces more than half a quart.  HMMMM
So swapped fuel pump, and discovered that the system now holds pressure when
I turn off the key.  The old pump must've had a bad check valve.
Does all of this seem normal now, or are their other issues I have
overlooked

Adam 
There are two parts to testing the fuel pump pressure and flow you seem to have these covered.
The other aspects of this problem is that with low flow the fuel pressure drops as the RPM is increased.
With low flow or low pressure the engine leans out at you have a power loss and the head temps increase.
this lean fuel condition could cut the engine life to a couple thousand miles if that. This goes for both air and water cooled
Bob Donalds
http://www.Bostonengine.com 
 
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