So you replaced the racor filter on the head today with a higher micron filter? I believe the pressure at the schrader valve on the filter head is prefilter, so the only restriction on the supply side you have left could be the filter itself and you wouldn't see that supply problem on your gauge.
Otherwise I would look on the return side as well. You may have a timing issue, but it should have shown up before the pump swap. I don't think the minor change in supply pressure would mess with timing much, so it sounds to me like you still have an issue that is tied in with your pump conversion.
No, back in mid-late December, with the mech pump installed before i noticed it weeping, or right before it began, I installed a Racor head with a used 2 micron filter I got back in 2017 from a junk yard IDI. I figured I might want it some day. It seemed to be negatively effecting startups and driving, so I disconnected it. Its a matter of just swapping around 2 hoses, no major work. I figured so much restriction before lift pump was the problem.
I ordered new 2x 30 micron filters which I got my hands on in late January. When I did the Holley red install, I put on a new 30 micron and reconnected the head.
Since disconnecting today made no change in fuel pressure, i just now reconnected it. (I didn't post a video of that test drive, since nothing changed)
There is really nothing to check on the return line. I didn't do anything to cause it to be restricted, except maybe the 3/8" PEX tee, but that's higly unlikely. I already checked that thr hose isn't squished around the Holley somehow, and it's not.
Fuel pressure does screw with timing. Everything I'm seeing says the IP expects 1psi at max RPMs, and it's getting 5 right now.
I have good power for city driving, but once i hit around 50-55, I'm lacking power. At 70, there's no more power.
So it makes sense that at 70mph, timing would be screwed up getting 5psi instead of 1-2 it would normally see. At lower rpm/speed, the IP expects higher pressure (5-7psi) so acts fine then.
The timing is off just so that drive fine until you try to get that top end power.
Remember, this is the original IP (~75k mi.) and it's probably never been touched since it was in the factory.