Holley 1920 Help needed

When looking at the diagram, it's called the bowl vent valve (black rubber ring) and it is usually in the up position until you step on the gas pedal and then it goes down or closes.
I just had a thought, it was in the down position with the motor off, instead of up, and then it just popped up/open and gas came out from under it.
I'm thinking it should have been in the up/open position with the motor off and foot off the gas pedal, but for some reason it was down, is that correct?

with that said you must have a smog carb, not a bad thing it just has the hose bib and valve. and your correct, the valve should be down (or closed) to route vapor's thru the bowl vent in down the throat vs open, out the bib and into the charcoal canister. now if you have fuel coming out either your float level is so high its pushing it out (does it run fine??) or maybe the canister or line is plugged and fuel vapors are building up in the line and condensation.

slantsix.org has a wealth of info. Check this link:

http://www.slantsix.org/forum/viewtopic.php?t=33102

My properly tuned 1920 runs fine. If you want to go bigger, I'm pretty sure you will need to change intakes.

unless you get into some DIY stuff but an offy or clifford is a better intake