Greg, if you want to post or repost pics of this TB, I'll have a look. Mainly it's the basics: it's a DBW TB, look for the dark stain denoting hot engine idle throttle position. Use your Panavice to find comfortable work angles, and don't be afraid to re-position the TB in the vice several times. I find best control is when I am cutting left-to right in as close to a level position as can be.
Several years ago Karl Fortner in Wash. state was doing his DBW Chevy truck TB, and a tip he gave for DBW was to use modeling clay to hold the plate in position. I've tried it, it works, just stick a gob of modeling clay on upstream side, opposite side to the Groove location. Clay holds plate against the motor tension, frees up both hands. Set plate at or slightly open from the dark stain edge. If stain's not there, Ron's business card between plate and wall trick is the fallback. Caveat from my experience is you want the Groove located so the plate starts to cross upstream edge at a greater throttle angle than idle. Too "early" in throttle angle degrees can cause excess idle RPM's, or a truck that hot idles at 20 MPH!
Check bit/tool angles before cutting, I will mark center of axle shaft w/ sharpie pen to give aimpont to line bit shaft up to, and bit taper parallel to bore wall. So you check left/right axis alignment (tool shaft to centerpoint)and up/down axis is bit taper parallel to bore wall. I like to spend time w/ the Panavice to find a comfortable position. Begin at left side about a bit cutter-width in from bore wall, set the angles, place spinning bit flat side against plate and cut straight down, 'till shaft taper touches bore wall. Avoid "penciling" keep steady. Dipping in light oil, or water, even spraying with WD-40 between each cut or two keeps it cool! Go a half-bit cutter width to the right, repeat, I try hard to watch bit axis alignments in both planes constantly. Center of the bore/plate radius is most critical area. I find it seems to go faster as I go, I have to make myself stop, brush out the shavings w/ a toothbrush, and keep from getting carried away, it's easy to do!
I never get a "perfect" Groove despite my best efforts. Funny thing is, some of my worst-looking ones have performed the best- go figure. But a "tight" Groove where it will hold or close to hold a loose bit in it, full depth so the taper is touching the wall, all along it is ideal.
After Mike Holler's inputs several years back, I took to lightly smoothing the leading edge of the Groove (upstream side) w/ fine sandpaper to remove slightly the rough edge, the downstream edge I leave rough.
Throttle plate shaping is an option, but only AFTER the Groove is done.
hope that helps!
Tracy G