Tiff/Andrew - cabby is ready for pick up. The seal on the speedo hole looks good but there is a small bent piece of metal that might not allow for a perfect seal. The burning smell is oil leaking onto the header. The fix would be to do a valvecover gasket. Also..I drilled a small hole in the rear of the pan on the driver side to let all the water out. After a few days with the window down it's about dry.
I also lowered the idle to 900 and tightened up the clutch a little.