I believe 35 is low...it's definitely a fuel delivery problem of some sort, and that probably isn't helping. I'd also look into the possibility of a clogged injector...I did a bit of research and it looks like LT1's don't have a cold start injector (tuned-ports got rid of them in 1989 or so).
Did you run a new feed line from the tank to the engine? I believe the stock line is only appropriate for a return and can't cut it for feed...
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Project1970 - LS1 Swap Complete!
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