I have an open mind because I'm a little lost. I'm not convinced it is the timing, but noting that it appeared to have 55 degrees of advance in it at idle left me scratching my head. And the more I retard it, it seems to be more and more sluggish.
I'm open to try anything that I have the test equipment and the ability to attempt.
Here is what I can tell all about the car. I bought it in October 2010 and have driven it about 500 miles since.
'56 Thunderbird with a '57 312 engine and Ford 'O Matic trans
Holley 4bbl list 80457-5 Date Code 1786 (appears to be an after market 600 cfm carb from the list number)
'57 dissy with tach drive
PerTronix Ignitor -"Ignitor" is written on the module (does NOT say "Ignitor II")
Autolite 46 plugs
I feel I have identified #1 at TDC by the white mark on the lower pulley. There are 4-5 graduations in the pulley above the white mark. There are NO graduations below the white mark. The white mark was at the pointer with the rotor pointing to #1 cylinder on the dissy.
The car has had a stumble/hesitation starting off from a stop early on.
Stabbing the throttle gets me beyond the hesitation
The car surges when at a steady cruise speed of 55-65mph
Letting off or pressing the throttle further clears the surging until you stay at a steady cruise speed for a little while again. Then the surges re-emerges.
My test equipment consists of a timing light that also measures RPMs. The light has buttons to advance or retard the light
I have a cheapo dwell meter, and I have a vacuum gauge.
pops (AKA) Clay'56 Thunderbird