Certainly sounds like the tank vent cap isn't venting, or something similar... but What I would do is troubleshoot.
First of all, you noted the nature of "Once it stalls, the longer it sets, the longer it runs"... The tank vent and fuel flow would certainly be high on my suspicion, but this SCREAMS to me "Thermodynamics"... something is either hot, or cold.
Start it up, let it get warmed up, and running... and when it gets to the point where it starts to stall, put a little shot of something flammable into the intake and see if it jumps back into line. If it does, you have a fuel problem.
If not, it's either ignition, or ice in the intake manifold...
After it stalls, put the back of your hand against the ignition coil... is it hot? If so, you either have excessive dwell, or an ignition coil with a shorted primary winding.
If the ignition coil isn't hot, try connecting a jumper wire from the battery, direct to the coil, and see if it settles down. If so, you have an ignition switch contact or wire that has corrosion on it, and it's heating up and failing to conduct.
Is the area above the carbeurator getting frosty? If so...
Manifold ice... occurs when ambient airflow coming through the carbeurator venturi is rapidly chilled in the divergent zone (just about where the throttle plate is). This happens naturally in ANY throttled-engine, or any restriction point. Moisture in the air will freeze to the inside of the intake, and close off the intake airflow, oftentimes it'll cause the throttle plate to get stuck. Properly designed engines have features to help prevent this, but it's a natural phenomena of physics... and the visible giveaway is frost on the OUTSIDE of the intake manifold. The Allis intake and exhaust manifold shares a common surface just above the throttle to alleviate carb/manifold ice, but that doesn't stop it from happening, especially on a humid and cool day.
And if you did a thorough restoration, you've got the oil-bath air cleaner on... Have you tried disconnecting it? If not... try that, and if it doesn't stall, the air cleaner needs an exam... sometimes they wind up with water beneath the oil and it causes havoc.
------------- Ten Amendments, Ten Commandments, and one Golden Rule solve most every problem. Citrus hand-cleaner with Pumice does the rest.
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