Stan Tyler is using the crankshaft timing on two Tee Dees on his twin Flite Streak. Now that he has de-varnished the cylinders, tightened the ball joint in the piston and reduced the compression a bit while using 35% Nitro fuel, he is getting dynamite runs on both engines (at the same time, even!) He is using stock venturis and Master Airscrew 6x3 props. I have pretty much the same setup, and also get reliable runs, though on a single, not twin model.
I really prefer the port timed pressure to backplate pressure. It is more gentile and does not allow any backflow. Another local 1/2A flyer who shall remain nameless (but loves hats) is using backplate pressure and having a hard time getting consistent runs.
If you want to seal the hole in the crankcase, I do think JB weld is the way to go. Be sure to clean everything well with a killer solvent like Acetone or MEK. I really think that just putting a cap over the nipple will do the job, since, if there were leaks, the pressure fitting wouldn't work in the first place.
Of course I have no idea what the geometry of your tank setup is, but I would bet that is the real problem.
Note that with any pressure setup, the stock needle is totally inadequate. You need the fine thread needle from Texas Timers. Do a search on varnish and rod/ball joint tightening.