73 2.0 running *really* rich Options

[rpc]

History: We bought this '73 2.0 last summer. It ran ok at the time, though on cold start-up it would choke if we gave it throttle before it had a chance to warm up for a few minutes. We dropped the drivetrain in the fall to do a bunch of general cleanup on the engine and trans, including:

• replaced all fuel lines in the engine compartment
• replaced all the hoses
• cleaned electrical connectors including all engine compartment relay panel
• replaced plugs, points, rotor, and maybe dist. cap and plug wires (will need to look back at notes)
• adjusted valves
• I don't think I adjusted static timing, so that's a pretty big miss - need to do that

Today: We finally got everything back together and started the car but it was running really rich, so much so that we could barely keep it running. After we shut it off it wouldn't start again. It would spin fine, but not even a hint of firing. Things we've done:

• pulled one plug and it was wet. Cranked engine with the plug on the fan housing and got a good spark.
• verified plug wires were in the correct firing order
• disconnected the thermo switch to prevent the CSV from firing - still no start
• waited a few hours but still no start.

So first, I think it's so badly flooded that we need to wait a day and/or pull the plugs so that the cylinders dry out.

Second, I'm guessing that replacing the hoses fixed a bunch of air leaks, which some PO had compensated for by richening the mixture. I could very well be wrong, just a guess.

I've read a good amount and have a basic understanding of the D-jet system, but I'm looking for pointers about where I should start in fixing this. If I'm right about the flooding we should be able to get it started. Then what do we need to start checking to address the rich running?