Does it get worse when in gear? Once you get it up to say 30mph or so, does it seem to smooth out with added speed on the road, but has much less power to go up hills and such while somewhat maintaining the speed from the bottom of the hill?
At the end of the tail pipe . . . if you might feel the pulses, are some stronger than others? If you might place a somewhat thick shop towsl at the end of the pipe, with a normal engine, the flow should keep the towel pushed away from the pipe, but if you watch very carefully (might even video it) you see the towel pulled back to the pipe, even cupping in to it, between pressure pulses, that is many times the evidence of an exhaust valve that is not sealing on the intake stroke and needs to be replaced. A burnt exhaust valve will not really hurt anything, but it needs to be replaced reasonably soon before it gets any worse.
Which means a valve job on that particular cyl head, new exhaust valve, and some attention to valve guide wear on that guide. When done, things will be smooth and powerful again.
A compression test with a screw-in tester can confirm the cylinders needing attention. SDing a cylinder balance test (where one cyl at a time is deactivated by pulling one plug wire at a time, either at the spark plug or at the distributor cap . . . carefully and you being well-insulated, electrically, so you don't get zapped!!!) . . . can also identify the weak cylinders. On the compression test, the good cyls will be a good bit above 100psi, but the bad ones will be more like 10-20psi, by comparison. In this case, it's not the numbers which are more important, it's how they relate to each other that is important . . . the gap between the good and bad ones.
Hope this might help,
CBODY67