This is interesting to me. Each cylinder runs richer than the previous as you go back. I think the orange color is the water left behind in the exhaust tube after shutting down. Maybe check all your drain holes in the tubes. IMO Bassett T valves are ok, but not really reliable to stop water at low rpm's. I'm sure they work for some, but I haven't had success with them.
The dent in the exhaust won't cause a lean condition. The forward cylinders do run a little cooler than the rest as the water input starts there.
It's probably the intake causing the difference in fuel delivery, not sure why. Personally I would run it and not worry about it. Run a compression test or leak down if you want too.