6-1/2 psi is pushing your luck with an 1850 Holley. It may work fine or it may push fuel past the needle & seat. I have had some do that at only 6 psi and others be fine over 7. Just luck of the draw I guess.
I would lower it a touch just to be safe. Nothing worse than having it flooded at a stop light. As long as it can keep up with the fuel demand of the engine the lower pressure will be OK.
A vacuum referenced regulator that boosts pressure with engine demand is the best way to deal with it rather than hope the lower pressure can keep up.
Trick flow makes a nice one that is return style to keep your fuel pump working efficiently and it comes with adjustment springs to use it with a carburetor or with EFI.
http://www.summitracing.com/parts/TFS-27001/
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miSSed opportunity - ground up creation of an AWD 1994 454 SS that never was
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69 C10 shortbed stepside 400 small block - built like what a super sport truck could have been
69 K20 lwb TBI 350 4L60E NP208 14-bolt Dana-44 w/disc
68 Camaro SS / RS 500hp 439 inch roller cam big block 4L80E
79 Malibu TPI 350 4L60 w/ Z28 steering & sway bars