" ... this is on my 56 Victoria. The carb is a 4bbl Holley."
The carb being an H4000 'TEAPOT'? Your moniker is 1957.
... i hate that term 'TEAPOT' ...
You can run it wet, that's a personal decision. If it is just a driver, it should be OK. But if the engine has been pumped up, maybe either convert it to dry or buy a repro. Find the value before converting it,
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