Heavy Chevy
Newbie
If that's an automatic, the weight of the spinning torque converter will help some.
Depending on your altitude and cranking speed, that's nothin' special. I find most stock engines have around 150--160; I hate seeing less than 140 around here. But what you've posted would meet GM specs. If it were farther off, I'd wonder about cam timing.
Connect a scan tool, look at the sensor data, fuel trims and other computer outputs. How old is the O2 sensor? Ten minutes?
What is the fuel pressur