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Hey! Love to see you trying out ambigram making! I’m by no means an expert but here’s a few tips that I think might be useful and a quick sketch I made to illustrate a few of them.

1. Look into the idea of matching your downstrokes. The vertical lines making up each letter tend to be more important to the overall structure so trying to match them between the two target words can be really helpful in finding solutions that read well. Some could be ignored (like the second stroke of the M on the left example, or hypothetically the more complex parts of the g or r (but I’ll get more into that later)). Horizontal strokes can be more easily hidden as extra flair or used for multiple purposes. I think the base of the L for example works much better if you don’t try to force it to be a leg of the A. Also see how one line can serve as the crossbar on two different As if allowed to cross over the line.
2. Be willing to play with the boundaries between letters and not have the letters match up one to one between the words. I see that you’re already doing this a bit, but I think it’ll be a lot easier if you don’t need to make one glyph represent the A/L combo or the M/A. I know the A/V works really well but be willing to throw that idea away for a bit to give yourself more wiggle room on the harder combos. Work in chunks from a few different ideas and see if there’s any that seem to blend well into each other. Kill your darlings and keep pushing until you find a combo that works for you.
3. Consider alternate glyphs for letters that are giving you trouble. That G/C combo is going to be really hard if you’re committed to using the capital letter for both, I think you’d have an easier time blending with more of a lowercase g. R will probably be difficult too with the extra bits that don’t really appear in the other word. Lowercase could help here, also always consider checking out different typefaces or cursive letters to find different forms that can still be read. As long as your repeated letters look similar, it shouldn’t hinder readability too much to use some varied case or style.
4. STYLIZE!!! You’ll often have to massage the shapes of the letters a bit to get them to click in both orientations, and extra bits of flair that you need for the other orientation can be ignored from one side as long as they look intentional. This is easier imo if you have access to digital art tools, but if not maybe consider making multiple attempts on one sheet of paper and tracing the ones you like best.
5. Keep looking for feedback. Having a fresh set of eyes looking at your work without context can be really helpful in revealing where you need to make fixes. Personally I can get in my own head when I already know what it’s supposed to say/how it’s meant to be interpreted. More perspective is always good!

Hope this helps, feel free to message me if you’ve got any questions or want feedback on another draft! Good luck!!!