I'll welcome a correction by Mark if I mis-state this but what seens to be happening is that the engine is down on torque at low rev's when the auto trans is engaged. That causes a "stall". It is a new rebuild, may have a good bit more internal drag than it had before the refresh. He has tested his spark system several ways - and it is making sparks - but maybe not at the right time.
To build the required torque, the engine needs air - and the 390 CFM carb has very small primaries. So his inital response is the same as the rest of us - turn up the idle screw. As a consequence, the blade is wrongly positioned on the idle transfer slot - she was just about operating on the main jets. Holley has a manual for this carb that suggests opening the secondary butterfly to get additional idle air.

This not only works well but beats the daylights out of the old "drill holes in the butterfly" solution. The secondary bores have fixed flow idle weep holes - this outfit just needed some air. Holley has some really poor directions in the manual for setting the idle transfer slot position - so we used the one recommended by BG for the Demons.
This seems to have gotten him some idle control and additional torque (adding air to the existing fuel flow) - but now he has found some discrepencies in the way the vacuum advance pot is behaving. It is very erratic and may have a hole in the diaphragm or something like that.
Steve Metzger Tucson, Arizona