The MPH only at 117-118 shows that it's really down on power from it's potential with the parts you have... As mentioned above it's hard to know anything by ET, but the MPH is pretty telling.

I can tell you when my car spins, and I have to let off the throttle, then get back on the throttle, it may loose .5 sec in ET, but always comes back around on the top end within 2mph or so. Foot on the floor in high gear, there isn't much car "Setup" that can change that.

Hopefully you find something on the Dyno. I've seen so many simple things (bad timing light, throttle cable misadjsuted and carb not going WOT, etc...) The parts in the motor have good potential...