I think I would do this; check for a vac leak that might be a vacuum hose, it kinda sounds like you problem..Also, if the idle mixture needles are not seating all the way, the spring on them may be at coil bind. You may need to trim a coil or two from them. You shoukd be able to kill the engine with the turning in of the idle screws. Of course, you wont get a super smooth idle with the cam you have but it should be close to a factory performance cam, pretty smooth in the case of an olds. As far as the gasket goes, yes this may have a vacuum leak but unless you can check for a leak....in the old days, I used to use an unlit propane torch to check for leaks but everyone seem to think it is dangerous. I guess maybe but the only other way I know of is some type of spray. Another guy I know says he sprays water to check for leaks. I have never tried it but who knows. Dont forget to check the timing and you should have 12 at idle, (vac. adv. disconecttd.) Try 14 degrees and see if it helps, if not, put it back. check plug wires too, firing order and connections. If the spacer is good quality, it should work. But, you might try it without the spacer just to see if it makes a difference.