I tested the delay with the choke set at the #5 setting from the front on a 67 degree day. Two pumps of the pedal and the car fired up in the mid 13's on the O2 guage at 1200rpms. I put a timer on The Holley choke delay and the choke delayed right at 1 minute and 30 seconds. This was excellent for my current setup.
I just wanted to pass this along.

UPDATE:
I found my reason for needing the choke delay. While using the O/2 sensor to tune my transition circuit, I found it very lean. Once I had my transition circuit fixed, I then found that I did not need the choke delay. The choke delay was great for cold starts but I found during warm restarts, it was still delaying the choke and my A/F readings were 16-18 and I could not keep my engine running due to this, even with a warm engine.
I am now running the stock Quick Fuel electric choke and I found the the #7 mark from the front is fine in mid 60 temps.