Thank you very much to each and all that have taken the time to share info on this burning topic. Here is my plan;
1- Re-verify the adjustments for valves, ignition timing, dwell angle, CO test for fuel mixture and strobe timing check.
2- Flush/clean engine and refill. Ensure no air bubble remain in the system.
If this is not satisfactory, I plan to add the Pertronix or Crane electronic ignition and then finally, the M-B engine head bypass modification for USA 280SL.
Hopefully, this will bring the car performance to a level that I will feel comfortable with even if it isn't perfect. So I'm not ready to give up yet. I'm from Montreal, Canada. We get two and a half months with damp 80 to 90 degree weather and are forced to drive in slow (mostly stopped)heavy traffic that bring hell to our driving enjoyment.
I'll keep the group posted on the results.
Note: Special thanks to Dr Benz (Dan Caron) for his expert advice.