I solved the air bubbles problem. I turned the fuel feed needles direction so the fuel line doesn't have to pass by the exhaust to get to the carb. I also installed a GH cooling head. My problem is that the thing still over heats. I run it without a body and i've tried 20% odonell, traxxas top fuel and cool power 25% and it still over heats. I rebuilt the carb, sealed the carb and the backplate and it still over heats and runs slow as hell.
I regularly see over 280 with poor performance. I've searched google for overheating answers but there all the responses are the same and i've tried them all. The only other thing i can think of is to replace the engine bearings, as the flywheel side seems sensitive to brake cleaner (checking for leaks), but only sometimes. Sometimes it kills the motor, and other times it does nothing, holding the engine at roughly the same rpm.
Any help is appreciated.