B&D- Earlier in the thread compression and octane was covered- the Lister CS design is VERY easy to lower compression on, and I have . I'm not having pre-ignition problems at all after adjusting the spark timing by ear. I'll be fine tuning the compression for maximum load later.
I installed the new two stage regulator Thob recommended, and had to cut it's spring to get the pressure down to 11 inches of water pressure.
The engine starts missing immediately at 11", won't start and run at all at 8", is happier at 15+ (off scale for my gauge). While cranking, the pressure gauge shows swings down to 3.5" on each intake gulp. At speed it's a blur with movement, though not moving as much. I'm going to experiment a bit to see how much is regulator, 3/8 supply hose, etc., by moving the pressure gauge to just after the regulator instead of right at the carburetor inlet. Perhaps a buffer tank before the carb is needed per 38ac's comment and/or a bigger diameter hose.
I'm looking forward to trying Gary's CA110, since IMPCO noted it as good for single cylinder gulpers, and there's the possibility that I've got a bum CA55 carb.
I've got a vacuum gauge I'll rig up on the intake manifold, per Gary's good suggestion.