Disappointing dyno results
I don't see it mentioned, maybe I missed it.
Any idea what kind of ignition timing your engine guy put into it? Any idea on the curve (idle/all-in/max timing and matching RPMs would help)?
Was TDC on the balancer confirmed?
The way the power and AFR jump around almost seems like intermittent misfire of some sort. Were you there when it ran? How'd it sound?