Ok I removed the master link, and tightened the chain up a bit. The Chainline is about as straight as it can get. Theres still a slight amount of noise. Im going to take it out for a spin once I get the seat post and front brake installed. Ill keep you updated.

Thanks for the replies.

P.S it's a Milwaukee bicycle co. frame with everything brand new. Wheelset is 700c x 23c...

p.p.s worst comes to worst, ill get a new 3/32 chain made for a fixed gear...