EDIT: So I found the binary - for some reason the binary is not copied into your standard path (courtesy of Xcode 4.3 and the workarounds I'm assuming ?!). Assuming you built with py2.7 try running: /opt/local/Library/Frameworks/Python.framework/Versions/2.7/bin/deluge
Hey - I'm in the same situation. Everything builds fine, however the best I can find is a tarball with the compiled binary that fails to run.