Just an update:
Went back and rechecked the head bolts and sure enough found a lower one on the head seeping water as Camaroman7d suspected!!.... many thanks for all the tips from all you guys. Pulled and resealed the bolt with permatex thread sealer and no more leaks. A little tuning and we are now in business....what a difference a good set of heads make on a nice little hotrod pickup....thanks for all the help and advice!