OK. After double checking, the screen is still intact in the cap. I will get some good pictures today. I do not think it is the quantity of oil entering the tube, it is the pressure and angle. It. One straight thru the side hitting the other side of the tube and splashing all over itself. If that makes sense.
Here is a screen shot from a video. You can see all the splashing.

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Well, made a restriction by using a brass compression. Filled it with solder and drilled it out to 5/64. Helped immensely but still have a slight splashing problem in the filler tube and saturating the breather to the point of leaking. What's everyone's thoughts on stepping down to 1/16 hole size? Or I was thinking about putting a brass freeze plug in the filler tube with some smaller holes to control the splashing yet still letting the engine breath?

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Oops. My bad. Thank you

The hole leads directly into the carb. Looks like a factory hole, not drilled but who really knows. Gonna make a washer of some sort.
As far as the oil issue. Picked up a brass compression union this am and gonna fill with solder to drill out. 5/32 is not much less than the 1/4 line. Anyone want recommend a smaller size to start with?

Yes from Max Merrit. Chris has been awesome to work with.

Sorry. Thought I had attached a pic. It's a small hole. Smaller than the stud for the wing nut.

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Howard. That was all a great help. Now that it's up and running I think there is to much oil going thru the filter. The filler pipe is spewing out oil thru the cap/vent once it's warmed up. Think I need to replump like your first picture or put a restriction somewhere. Any thoughts?

You all have been a great help, and the beast is finally up and running. 2 last questions for now.
There is a hole in the air cleaner lid next to the one for the wing nut. Any ideas.
I added a factory oil filter set up. Now when warmed up so much oil goes down the fill/breather tube that is blows back up into the cap and is spilling out? I'm thinking it needs a restriciton somewhere?

Had the same issues on my 1940 120. 21gal original, 18gal replacement. I just bent my pickup tube a little bit more. Yours looks like it needs bent and cut a little off.

When working on these older cars should we keep the old parts? Is there any value? I have a box in the back of every weatherstripping, seals, and whatever. Any reason to keep?