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If the steel line on the carbon can has a hole in it then it is possible for it to leak a bit of gas out of it. There is a check valve on top of the tank for that line but it doesn't always stop the gas from flowing through that line and killing the carbon can or leaking out in your case. I would just cut the rusted area out and get a longer hose for it or do away with it all together if you think the carbon can is already dead.
Also when you set your timing did you ground that wire like it shows in the diagram under the hood. If not you set it way lower than 7 degrees. Without that connector jumpered it will be about 15-20 degrees at idle I think. I would bump it up to 8-10 degrees timing anyway, the factory spec is pretty low.
The rear wheel bearings will die very quickly once they start making noise. They are pretty cheap though. I think I paid 30 bucks for all the rear bearings and some synthetic grease. They are easy to fix if they haven't totally died yet. The fronts can make it a bit farther but when they die they can really cause trouble. They are a pain to change yourself so it might be worth taking the knuckle off and going to a shop to have them pressed in if you don't have the tools to do it. Teamswift has a lot of info on changing front wheel bearings.
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