"I’ve read TED’s article and will probably take the intermediate step of modifying the Teapot to enable it to run with the ‘57 intake, dizzy, hex drive BEFORE installing the Edelbrock. If this combo runs good I might even forgo the Teapot/Edelbrock swap to retain the factory look (especially the Factory Air Cleaner). Now that would be neat"
That to me (personally) would be sweet as it will retain factory install appearance.
You stated previously when first driven, it appeared the TV LINKAGE was not adjusted correctly and then you made some adjustment(s) and she seemed to then shift correctly. The curb idle is dictated by correct throttle linkage adj. as it will allow proper throttle linkage adj. and that is tied directly to TV adj. May be why the curb idle adj. screw won't control curb idle screw to adjust properly. To properly adjust throttle linkage curb idle and TV linkage is a fairly complex adj. that will be found in your LINC WSM. It has to be dead-on as one works off the other.
As for the vacuum reading. It is low (too low) for a stock camshaft (at what altitude do you live?).
1) Need to perform cylinder(s) leak-down test to determine if the rings are good or not. Only GOD knows the quality of the rebuild and what was or not done (and how long it sat before initial fire/break-in).
2) The vacuum gauge also shows possible late valve timing and/or late IGN timing. IMO, the balancer indexing needs to be confirmed with a piston-stop method. If the balancer is indexed correctly, you then proceed further with diagnostics from there.
3) It needs a fuel pressure and delivery volume test performed. Any indication of the carb being gone through? The volume test ( caught in a glass container) will also identify any trash in the fuel system. Again, only GOD knows how long she sat with sour fuel in the tank,
You are aware LINC/MERC used a square bore 4V carb mounting pattern until the LYB was finally replaced? The only true wide mounting pattern carb intake manifold was found on the LYB 332CI HT engine so the EDEL carb will require an adapter.
You say you have a LYB DUAL POINT DIST? Is it FORD or aftermarket? If FORD, can you post the DIST ID NOS.?
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