Dude, looks like you have it figured out! I would say you have bled out all the air. It won't spray at crankiong speed, just drip or lightly spurt. Crank those down and fire it up. I won't suspect a new defective pump unless you ahve symptoms such as poor fuel mileage, low power, or it won't run at all. It probably isn't a bad idea to get teh thing timed with tools if you can. That being said, mine is static timed, but I'm sure it's not perfect. Good enough not to hurt anything and to have it run decent though.