So to my total amazement Crisco came to the rescue. I filled the fuel filter with Crisco oil and screwed it back in, cranked for about a minute and she started right up. AMAZING AMAZING AMAZING.
After about 3 minutes of heavy smoking it started running clean and runs well now.
I did notice some bubbles in a fuel line that seems to be a return line from the fuel pump - not sure how I'd find out. Maybe I can snap a pic and some of you can tell. I don't think bubbles are good in the system ANYWHERE.
Thanks for everyone's help so far. You guys are awesome!!!
Mike.