You have a VERY interesting build and I'm really curious to learn more about your setup.
First off, how do you know your engine is 425 hp? I apologize if I missed it, but is your engine a stroker? You listed that you have cast pistons...are they domed/dished/? What do you guess your compression ratio is for your engine? Have you checked the compression ratio? Is your engine bored out or anything like that?
It sounds like you did all the work on the heads yourself. Did you buy the engine complete, or build from scratch yourself?
I ask the above questions because I have the same problem. I have a 455 BBO that gets 8 mpg and is a dog (in my opinion). I have pretty much come to the conclusion that my engine was built for a blower. It has super low compression (on purpose). Until I can tear it open, I'm pretty much stuck with a turd...
OK, so you are saying you are getting 7 mpg. If lpg does get 20% less efficiency, let's round up and say that your engine would get about 10 mpg on gasoline.
Do you know how much less horsepower LPG produces compared to gasoline? Doing a quick search, all I could find was an article saying a new Dodge truck gets 13% less horsepower on CNG compared to gasoline. 10% less torque.
http://news.pickuptrucks.com/2012/10/fi ... 0-cng.html
This is rear wheel horsepower, not flywheel, which I'm guessing you're rating your engine at (425 hp). So let's say you get 300 hp to the rear wheels, if the article above for CNG is comparable to LGP, your car would be getting like 40 less hp to the wheels (if you were getting 300 hp normally). So you pretty much have a car getting around 260 hp to the rear wheels.
All of the above figures are based on info in regards to that new Dodge Truck. Trying to interpolate and correlate to an older engine, I'm sure you can imagine the losses are even greater with a carb system.
Now you said you are running rich, how rich I don't think you mentioned. That would kill your power and mpg.
A while back I had researched lpg systems and wanted to see how feasible it was to run. I've never actually seen a setup like yours on an older style engine, but I like it. Have you considered getting a intake adapter and running impco carbs right on top of your engine? I think one or two carbs would suffice?
What would the advantage of your system be, over having a carb right on your intake? Are you switching between gasoline and lpg on the fly or something? It looks like you're injecting lpg into a normal carb. Do you have any mods done to your carb? Or do I have this wrong?
Based on your setup, it looks like it would be a b*tch to tune, let alone try to run year round. Can you post some details on the impco system you are using? I'm curious to find out how you are mixing your gas and air.