The curb idle screw needs to be set so that the throttle blades are in the transition slot. Take the carb off, turn it upside down and adjust the throttle stop so that there is .040 of the transition slot showing. Don't make any more adjustments here. Next, with the engine off, turn the idle bleeds in all the way, then carefully back them out 1.5 turns. This should be very close to where they should be once you find and fix the real problem. Be careful turning in the idle bleeds too far, you can lean the engine out and damage something. Disconnect the vacuum line to the distributor. Are you connected to ported vacuum or manifold vacuum? If this solves the problem, make sure you reconnect to ported vacuum. If you have power brakes, disconnect the line to the booster and plug it. If that solves the problem, replace the booster. Next, use a propane bottle (unlit of course) to check for vacuum leaks around the base of the carb and any fittings or hoses that go into the manifold. Is the Holley new? If not, you may need to rebuild it. There could be internal leaks, both fuel and air. The fuel bowls could be adjusted too high allowing fuel to overflow into the carb.
Good luck and let us know how it goes.