Had the same symptoms as you and it turned out to be my electronic ignition unit (a Pertronix II installed inside the distributor). Idled fine, could rev it up with no misfiring or anything, but as soon as it was under load it was sluggish and stumbled. I messed with my carburetor FOREVER until I realized it wasn't a fuel or timing issue.
Could be a plethora of things, but in my case, the Pertronix unit wasn't getting a full 12 volts because of the resistance properties built into the pink resistor wire going to the coil. I set up a relay to bypass it and all was resolved.
Hey all, I'm in the process of installing Pertronix's relay kit (PN 2001) for my Pertronix II system because it's not getting the full 12V. I have a few problems. 1. The Rally Pac tachometer does not work anymore. 2. The engine does not shut off when I turn the key off. Only point number two...
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Pertronix actually sells a kit for this with good instructions, part number 2001. If this ends up being your issue as well, use the kit with the diagram provided in the above thread (post number 2) and you should be good.
More relevant information scraped from this thread:
My Relay should arrive tonight, Hoping to solve my 5. 1 V at coil in run position (engine off) , 10.1 V at idle at coil. I already have questions. 1. Where the small purple relay line is attached to the Ig. wire /Resistance wire ( red/green ) on a 70. The black dot in diagram. The red...
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