Good evening. I'm new and this is my 1st time posting. I just purchased a stock 55 F100 w/223. Been driving it now for about 5 mo. when all of a sudden I went to start it and it was flooded and had to have towed home. Let it set over night wouldn't start. Removed air cleaner carb was dripping gas down the throat. Found a holley 1904 rebuilt by FORD MOTOR CO. back in 6/57 (still in original box w/ packing slip). Checked the throttle shaft and it is tight. It was shipped to Washington St. and has been there since. Installed it and adjusted. When idling the tach wavers between 500-550. Took it for a spin and when accelerating it spits back through the carb. Don't know what to do next. Any help would be greatly appreciated. Thanks.