Compression test results

The forum members are correct when they are telling you that throwing parts at it wont fix it. Hell 12 year old parts does not mean they are automaticly bad, my 67 Barracuda still has the original fuel tank.
One thing you may want to replace is that old 750cfm carb. I ran a 850 cfm carb on my BBM stroker and often thought it could have needed more cfm.
The correct size carb will make it easier to tune and better driving manners.
Food for thought.
If it is not blue smoking out the exhaust on a cold start up I would be reluctant to mess with the valve stem seals.
Clean up your fuel problem first to where you can get a good reading on fresh plugs and go from there, dont fix it if it aint broke.