Looking much better! I see you finally took the suggestion I made in my 4th post about setting the coupons in an angle iron, the channel iron you are using is fine as well.
You will not control your undercut as effectively by turning down your amps as you will by slowing down your travel speed and depositing more filler metal. Also concentrate on keeping a short arc also, long arc draws more amps and makes the puddle harder to control. Get the amps set and leave it alone or all you will be doing is constantly adjusting amperage.
On your hot pass strike an arc in the center of the bevel, establish a puddle, move the electrode to one side of the bevel and move it up and down t the distance of 2 rod diameters, move to the other side of the bevel and repeat the motion. Don't pay any attention to the center of the puddle as it will take care of itself, you will find this easier when you get 3/32'' 7018. As I've said before the 1/8'' 7018 is to much rod for the bevel.
You are definantly making progress.