What is the a/f ratio? Sounds like it's just too rich, which is pretty much what you'll get with 720's at anything resembling a decent fuel pressure and no other device but the VPC to trim the afm signal.
Add in the s-afc in the wiring AFTER the VPC, ie the grey wire coming out of the VPC going to the ECU side of the subharness. The AFM wire in the engine harness does not connect to anything in the VPC subharness since the VPC creates the afm signal on it's own. Cut the grey, VPC head unit side to AFC orange, ECU side to AFC pink.
BTW, I know Will Neely has a dyno chart somewhere claiming 700+ rwhp, and while I'm sure I could have done it on a perfect day with a VPC in my car, day to day driving SUCKED. Ignition timing was retarded significantly to combat detonation due to the ultra low afm signal input to the ECU, even with base timing set to 10. That combined with a significantly different response out of the 720's resulted in frequent bogging, very late spoolup, and overall just poor drivability. I wouldn't waste your time with the VPC...MAFT-Pro with ign timing control or a standalone.
Anyways, if you must, crank the response knob all the way up. Turn idle until it...idles, then guess depending on the day and the direction of the wind for where to set the gain.