bubba22349":1ucoz71w said:
..... Valve lash clearance should be .019 with the engine warmed up to operating temp.
Yup, this is very important; not checking the valve clearance properly with a fully warmed up just isn't going to cut the mustard with these old Fords, no matter how much you fear developing an oil leak, bear in mind that your engine CANNOT be expected to run properly with improper valve adjustments. Furthermore, it is a procedure that needs to be repeated on a regular basis. Yes, your engine will get dirty.
Next, just because a professional with a superb reputation rebuilt your carb does not mean that it remained perfect since you installed it. Probably, but don't rule it out completely. This is NOT an indictment of the man who did your rebuild, but things do happen.
Also, just what sort of condition is the wiring on this vehicle? A suggestion was made above to verify that the choke operating cable/lever/whatever isn't grounding things out under the dash. I've seen similar things.
Since it appears certain that it is a fuel problem, look the ignition over carefully. The distributor breaker plate MUST be properly grounded, and with a brand-new rebuilt freshly painted the distributor itself may not be getting a good ground. Also, a worn distributor shaft/bushing can give you fits too.
Check the indexing of the rotor to the terminals inside the cap, make sure they are ACTUALLY pointing at the terminal when the plug fires.
Have fun,
Joe