Thanks Guys!!
If you don't mind, I let me address both of you...
If it runs fine cold, then it is leaning out when it gets hot. These are your only choices, 1-fuel pressure, 2-vacuum leak[internal or external] 3-internal carburetor restriction.
Priceg: From your description, we are ruling out some sort of ignition/dizzy problem? If so, that simplifies things, or at least eliminates one system...
(1) I confirmed again last night that I can go WOT (or anything over 1/2 throttle) without bucking/sputtering/dying when the motor is cool.
(2) Fuel pressure is good (6.5) and holds steady even after the motor is shut off.
(3) I have replaced all of the external vacuum lines and sprayed everywhere I could with carb cleaner to try and find a leak. I could find nothing immediately wrong.
(4) I am not sure what you mean by internal vacuum leaks...Do you mean internally within the engine (do I need to do a cylinder leak down test?), or do you mean within the carburetor? If the latter, how would I find that?
(5) How would I find an internal carb restriction?
Mine did that when it got hot and it was one of these things I did to fix it.
I cleaned out the float bowl and needle the float rests on(the one that would shut the fuel off), adjusted float to spec's.
I replaced the fuel lines with the proper size from the pump to the carb (all rubber lines under the hood) Use fuel line not just some rubber line.
Made sure the fuel filter was properly orientated.
Did this and it ran like a champ no more sputtering, bucking, or dieing.
Also make sure the lines aren't near/resting on a heat source.
BrockGrimes:
(1) Based on your previous suggestion, I did remove the air horn checked the floats and needle, and cleaned out the bowl. I have never rebuilt a carb before, so I cannot say that I would recognize if something was wrong. However, everything was within specs according to the manual.
(2) The fuel lines and fuel filter have been replaced with NAPA fuel line and filter, and (as I learned from this forum), the fuel filter is properly orientated with the return line directly on top.
(3) I am very curious about how you ran your fuel line since mine does run directly up from the pump and across the top of the valve cover. In fact, the fuel filter sits nearly on top of the cover. However, this is how with original lines were oriented...I just replicated what was there. I'll take a picture of it tonight...if that would help.
For both of you:
How about the problem of losing speed going uphill on the freeway even when the engine is running OK? Do you think this is another symptom, or the gutless rear end?
Finally, I just want to say again that I really appreciate everyone's input!! This is obviously some problem that's not easy to find...especially for a newbie like me!