Here's another update
I hooked up my fuel pressure gauge inline with the feed line into the engine. I'll just make a list of what I did and the pressures I got.
Return line capped, fuel relay jumped with engine off - 71 psi
cold idle at 850, regulator vacuum line connected - 40 psi
cold idle at 850, regulator vacuum line disconnected and plugged - 49 psi
I also let it warm up to NEAR operating temps, pressure dropped a tad to 38-39 psi. I also held the RPM's at 3k and at first the psi went to about 50 something, then came back down about 40 psi. Stomped on the gas from idle and the car stumbled a few times like it's been, pressure seemed to fluctuate a little on the pressure gauge, but didn't drop significantly.
One other thing I heard was what sounded like the ignition arching near the coils/plugs and the RPM would drop, say maybe 50 rpm, nothing major, but you could definitely hear the RPM's flucuate. The arching didn't happen a lot, just every once in a while.
This info help anyone?