Is the end of the arm , that is actuated by the cam , rough or chewed up? If it is , then cam is your problem.
He's saying the pump starts weeping fuel out of the weep hole. I've been thinking about this some while I was resting and what you might do is double check your filter and see if it has filled up with trash. Not sure if you bought a plastic see through one or a metal one, but either way I would try emptying the fuel out of it and cutting it open to inspect the filter element and replace it again, meanwhile get one of those smaller clear fuel filters that are made to go between the pump and the carb and it might seem like overkill but at least you have a way to see if the pump is sending trash to the carb. You might have rust in the fuel tank still or some other fine layer of material that is course enough to shred the pump diaphragm, and usually that will plug up a fuel filter again but in this case maybe it's fine enough to still get through.
Might be worth it to inspect the fuel bowls too and see if you have anything making it's way there, and if running the stock quadrajet I think there might be a small filter in the inlet but I hate to admit it, I can not recall for the 73's (my earliest wrenching experience is on 77 and up so my apologies there).
Just trying to think about all the things it could be, and if you just started having the problem recently, then factoring in the components that changed is the only way to think about what the problem might be (unless it is just crappy replacement part).