Aaaaaaaaaaaaaagh...yet another issue with 408

I am getting a lot of nasty exhaust gasses from this engine....went with Crane cam #449601 (lumpy idle but not a really wild cam). I am assuming this cam will leave us with some unburned gas smells but this seems worse than I have ever experienced or any of the other guys around me are getting. Is there something else I am missing....anyone else have same problem.
 
Did you just put this engine in and now you have funky exhaust, or did you only change the cam and now it's fuming? Did you try adjusting the carb at all?

This is a new engine and all parts including 670 Holley and mechanical fuel pump are new. We have adjusted and taken the carb apart looking for another small issue.....we've checked for vacuum leaks etc etc......we have hooked to a scope and tested for exhaust gas and the scope says its within normal range but the whole shop reeks when this car is running. We are about to dyno this engine and tune on the dyno now that we have about 1000 miles on it.