That is a great test. I did all the tests mentioned and it turns out that my CSV is working very well, no leaks and it's not stuck open or closed. I think the initial spray at start up is just adding unnecessary fuel because of how rich the mixture already is, so it runs a bit better with the CSV disconnected.
The car will start and run (a bit roughly) every time now! Dwell is set to 36 degrees, points are at .012, and I gapped the plugs down to .027 from .031, which seemed to help a lot - did not think that it would make a noticeable difference, but I'll take it.
Now I'm just going to clean the injectors and throw the new BP5ES's in - the NGK BP5ES 7832 are available on amazon now for anyone who's had trouble finding them. Make sure to buy the 7832 part number, those have the twist of caps (7732 BP5ES plugs have a fixed cap that threads into the ceramic bit).
Almost there!