Thanks guys, I couldn't wait for the weekend so dug in again last night. I picked up a new radiator cap as I read something where that could aide in the problem and followed the great advice offered in all of the posts.
First I pulled the plugs, put the tourque wrench on it and turned over very easy (set at 80 lbs of tourque and didn't break or strain), then I turned it over with the starter which again was easy, pulled the #1 to TDC and rechecked the rotor alignment in the distributor. This was an issue as it was retarded quit a bit. I realigned the rotor and then advanced it just a bit. Reinstalled the plugs, pulled the temp sensor valve and replaced it with an accurate temp gauge, hooked up all of the electrical and prayed

..... fired right off with little problem.
Next I played with the carb adjustment in order to get it as smooth as possible, double checked all the vac. lines for signs of leakage then work on bringing the idle down as far as I could. Got it down to about 900 RPM's without killing, worked on the carb a little more then loosened the distributor and turned it until I got it running really smooth. Once I got it purring, worked the carb a bit more then started to retard it slowly until I got a nic harder rumble. The temp ran up to about 220 but keep in mind I still don't have the cowling or radiator installed permanently and it really isn't drawing much air through it. Put the timing light on it and fined tuned a bit more but kept it a bit on the hard idle side.
The car was running good, started immediately and seemed to be running a lot cooler (although still a little hot). All in all I probably had it running for 30 minutes or more and the temp crept up to the 230 range but seems to me it will be fine once I bolt everything up and get it dialed in a bit more?
As a side note, I'm running AC Delco 45S plugs which I think is on the hotter side of the band (according to Mondello's Tech manuel should run 43 - 45 with AC's)?
In any event I think I'm out of the woods but will know for sure this weekend when I put the front end back together. Please provide any additional advice or thoughts as this has been an education and fun. I realize I'm probably a pain but you have no idea how much you've helped someone who has NEVER done this before.