Yes, fuel coming out of vents. Float is moving freely and everything else seems to work correctly.
Mechanical pump is only making 7-7.5 psi based on the readout from a spectre performance gauge, so junk in the needle seat would make sense, but fuel tank, pump, filter, lines and carb are all new, so I didn’t expect that.
Can dial it down to 5 psi. Will do so and report back. Maybe try to come back up to 6-6.5 from there if all is good.