Traintech Bill is an exemplary human being and they need to make more like him. I've already said it straight to him, and so wish to express my gratitude here as well.
Thank you kind sir!
A good-hearthearted guy who did not hesitate to call me and generously offer his time, knowledge, wisdom (and patience!) to troubleshoot and correct my ignition issue, in real time. He called and talked me through set up and procedure for setting the static timing, as well as fine tuning the carburetor to perfection on my 383 big block. Over three hours of Bill remotely, precariously balanced upon GGs passenger side fender via speaker phone as we worked. Oh she was purring along. Vacuum pressure a steady 22"hg. Rpms at 700. Timing finding itself at 12-17 degrees. Temperature good. Amp gauge more on point and stable than ever before.
As just stated, he took me as far as he could from 800 miles away. Worthy of note here is that the entire top end of the engine was untouchably, abnormally hot.. hoses, wires, valve covers, everything, untouchable. With Bill still on the phone, I got in to take GG for a test drive, up to speed, under load, to see how she goes. So I got in, tapped the gas and the idle dropped down lower, uncomfortably low.. when I put her in gear/drive, she dropped down even more and was stalling out without constant throttle manipulation.
I shut her down. The engine was so hot that the rubber from the cork valve cover gaskets was melting and dripping out.
This kind of heat was present before, just when I had uncrossed the #6 and 7 wires and started playing with the timing/distributor; but never before that. I thanked and said goodnight to Bill, and let her cool down for four hours. This time I disconnected the vacuum advance and attached the vacuum gauge(mityvac) to the base of the carburetor(front side).
With one quick turn of key she fired right up. Vacuum read rock steady at 22"hg. Rpms at about 1100 at start up. Once warm and the throttle kicked down, vacuum dropped to below 15 and rpms dropped to 450.
So I reconnected vacuum advance to carburetor and hooked vacuum gauge to manifold.. and vacuum dropped to zero, rpms at 320 with engine struggling to stay running. Then she stalled out.
Without touching a thing I turned the key and she started right up again, but ran poorly. I pulled on the throttle to get rpms up, but the vacuum was pinned at zero and there was a hissing coming from somewhere.. and the heat off the engine was overwhelming.
Concerned of serious internal damage, I shut it down.
By Bill's assessment it must be a carburetor problem.. something in the idle circuit is screwed up, causing it to lean out. I can't argue with that, as the "pro rebuild" was suspect the moment I got it back from the carb shop back in October.
I am scheduling to have her flatbedded to a local shop within the next two weeks. Already talked to the shop owner. A good, fair & honest shop.
I wish there was something else I could do myself, other than wait two weeks for my local mechanic to take her.