FINALLY found it!
It only happened another 5 or six times in the past several months, but today it happened TWICE!
I was giving rides to a local guy (ITS Z racer) and his two man pit crew . First the racer was riding with me and the second time I went through the gears at WOT, it happened at about 5500 rpm.
Pulled over, and after a few times cranking it started up. Though it was because the tank was 1/4 full, so we went an filled up.
Next I was giving on of the pit crew guys a ride and it happened the first time I got into it.
This time it didn't want to start. Electric, Blue Holley pumpe was making the right noises. Then he notices the fuel pressure gage was on zero while I had the pump on and trying to start. So I left the pump on, got out a screw driver and started tapping on the POS Holley fuel pressure regulator. Slowly the pressure goes from 0 to 6psi, where I had it set. This is the second one of these I've had on the car. The first one would fluctuate and not hold a constant pressure from one day to the next.
Problem solved. POS Holley regulator!!!!
I should have gone with the Mallory bypassing regulator. No matter, the Holley blue pump and POS regulator is coming out whenever I get around to putting the TBI system on.
BTW, the ITS racer is now talking about forgetting about the L6 for his street Z and going with a V8 for sure. It seems him and his pit crew buddies really like the flat torque curve that starts just above idle That and getting pushed back in the seat a lot more than the NA L6s they use in the ITS car