If it came with an Olds 307 then it will have low numerical gears. Is the cars computer still functioning? I assume not since you have swapped the carb. Are you using a non computer controlled distributor? What is the Letter and number ID code cast into the cylinder heads? This will be on the top front corner of the drivers side head, just to the left of the #1 spark plug. And what are the casting numbers on the heads? This is located on top of the center two exhaust runners. Hopefully the heads aren't from a 403.It has either 2.14 or 2.29 gears. My math is a little off but it is one of those two.
The Olds 350 engine may just be worn out.
You could probably benefit from a cam swap and cylinder head rebuild. Unless you can afford a full on rebuild.
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