ok, i was out just now tinkering with the car trying to start it. it fired a few times but didn't run. then all of a sudden there was a huge bang and i got out to look at my muffler, which literally blew up. any idea why? i have my floats at .55"
Now you need to find the cause.
Start by checking the firing order and your plug wires.
Next, determine TDC.
also, check for any loose or unplugged wires near your distributor.
Pull the plugs to see if they are wet.
I saw a guy do that once who had installed an aftermarket ECU on his Mustang with a flowdisaster exhaust system. He decided to use "spark cut" instead of "fuel cut" for his rev limiter lol. The moral of the story is that retarded timing is the most likely culprit.
You might be a little rich, but until your up to temp and off choke you can't really tell. Set the floats according to the FSM and tune with the adjusting knobs, not the float level. You probably just flooded it trying to start and unburnt fuel ran down the exhaust system, then when the spark plug fired on an open exhaust valve... BOOM LOL.