WE HAVE SOME PROGRESS!
There has been some dialog on this on the PY forums, and I should first correct that I went back and re-took all my measurements by doing a more thorough tear-down. I'm still not 100% sure about the idle tube, but I practiced removing one from a junk q-jet, and used that to gage whether my bit was long enough. The idle tube in the carb was .032, and obviously I could not get my .040 bit down that tube. When I put the same bit in the tube in the carb, it went down MUCH further - almost flush enough I had to pick it out. So I'm still feeling like that tube is ~ .040.
Idle Tube: .040
Idle Down Channel: .046
Upper Idle Air Bleed: .067
Lower Idle Air Bleed: .070
Idle Bypass Air: None.
Mixture Screw Hole: .065"
I took a small step tonight and used a pin vice to open the idle mixture screws up to .082, and I used the same drill to put .082 bypass air holes. This felt like a good mid-step. I put the 74 jets back in, lowered the APT, and BOY did it make a difference. Timing is back down to 15 deg, idle speed screw has more adjustment, and the rhythmic vacuum and rpm drop is much reduced. I was able to get it to idle in drive, no MVA, pretty steady at 750 rpm. I still have to have the mixture screws about 5.5 turns out, and I still get a VERY mild RPM increase when I close the choke horn, but nothing like it was before. Lean idle burn smell is much reduced. Vacuum in drive is about 13hg.
New settings are
Idle Tube: .040
Idle Down Channel: .046
Upper Idle Air Bleed: .067
Lower Idle Air Bleed: .070
Idle Bypass Air: .082
Mixture Screw Hole: .082
If a little is good, more must be better, right?
I think I'm going to take ONE more stab at increasing the idle speed and bypass air holes, to bring them closer to the spec others have listed; maybe use the .89 bit on both idle mixture and bypass air to see if that gives me a little bit more mixture screw adjustment and a tad more enrichment.
Frankly I could live with it right now. Would be totally fine, but I just made a HUGE improvement so it seems like one more small step and it might get me there. I'll be very happy if I don't need to mess with the idle tubes and fuel restrictors.