Sorry gk, I shoulda pointed that out months ago!
Looking at the rear of your throttle body you see three ports/nipples. Do not tee your vacuum gauge off the center port which exits straight back. On some 22xx carbs, that port "might" be manifold vacuum, but on most it's a "ported" or timed vacuum port.
Use either the 3/16" (small) port or the larger 3/8" port, the ones that exit the carb throttle body atta 45 degree angle toward the passenger side. The 3/16" port is connected to the shoke pulloff, so that is manifold vacuum. If your pulloff is "retracted" while the engine is running and stays retraced while running, then the pulloff is ok. When ya kill the motor, the pulloff should extend since manifold vacuum disappears.
On this carb series, the ported or timed vacuum point will display approximately 0"hg>5"hg at curb idle speed if all is well and adjusted correctly. So readings in that range are a dead giveaway ya are not connected to manifold vacuum.
We're looking at a minimum of say 16"hg at curb idle, best case is to get that up around 20"hg depending upon your base elevation. That would be a good reading for sea level>1800ft. Or so.
"assuming" that the compression is normal, and ring seal is normal, and there are no vacuum leaks, the things we're looking at right now regarding fine tuning are ignition timing, idle speed, and idle mixture, the vacuum numbers are only good as long as the engine is fully warm, the choke is pulled completely open, and idle speed is within range.