T and T results
Even with the slow 60', the engine is just not making power. Look at the MPH....that gives you a very very good indication of HP. To only gain about 19mph between the 1/8th and 1/4mile is not too good. It should be more like 22 to 25 mph gain.
With that high of a compression ratio, that thing better be on RACE gas!
If it is not, then there is one of your first problems.
Find out the size of the cam and give us some more info on things like intake, header/exhaust size, weight of car, head flow, .......
Looks like the converter is a problem. Where you shifting it? That thing probably needs 7,200+rpm to make it's full HP.