Michael- glad you finally got your Comp bud!
I had some similar issues with mine last year (2012 season) after having the carb rebuilt by an old school gear head like yourself. He wanted me to install an angled spacer, but I refused to believe that the 15* angle of the motor was an issue since it (and so many others like it) ran great for the last 25 years. What is different is today's gas. The ethanol causes the fuel to vaporize at a lower temp. Here's what I did to resolve the problem:
First I removed the cast iron carb spacer and replaced it with a phenolic spacer of the same thickness (flat). I had to drill and tap the spacer for the pcv hose fitting, and cut a channel through the spacer to the primary side of the carb. The purpose of this was to try and isolated some of the heat from the carburetor.
Second I installed an insulation wrap over the fuel line between the fuel pump and carb.
Ever since this modification, I've had no trouble starting the motor when hot. No fuss, no muss.
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http://i887.photobucket.com/albums/a...h_21a6f304.jpg
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