Well I've got 130 and 140 PSI on the cyls. It runs great as long as you are pouring fuel in the carb. Ive spent all day today messing with the carb.
The pop off pressure seems to be like 50PSI, which seems WAY high to me. I modified another spring to lower it to like 10-12PSI, at least then it was passing fuel, but I had fuel pouring out the high speed port as well. I finally put everything back together stock, and without the little spring disk (middle item in the below pic) and messed with it. It will again fun fine with fuel added, but I think the only time it runs other than that is just from pooled fuel in the intake. There was fuel in the carb when I took it apart though, so it must be passing some.
http://myfiero.com/uploads/13413_.jpgThe middle disk in there is not indicated in any diagram I have found, when installed, it pushes the diaphram into the float arm to open the float, I assumed this opened the needle, then when the carb filled, the diaphram pushed away closing the needle, to regulate the fuel pressure. This might be wrong. there are wear marks in the carb cover that line up with the disk, and the disk fits the cover perfectly, and it has a vent hole in the middle that lines up with the cover vent. But I found the disk laying under the exhaust, but the whole ski has obviously been messed with by someone with no clue, so who knows.
So Im almost positive its just a carb issue, but I have no idea what.