Verify that the TDC timing mark is actually TDC.
Then set the point gap to 0.015" (if point are fitted).
Then set the timing to 10 degrees BTDC at 900rpm. Vacuum disconnected. The reconnect the advance.
Verify that the mechanical advance is working using a strobe light and post up the timing figures at 1000, 1500, 2000 2500, 3000 up to 5Krpm.
Ensure that the carb piston bottoms out on the bridge and that it is not being held open,
Empty and then refill the dashpot with 20W/50 engine oil.
With the engine running, turn the mixture so that it is 1 flat away from running uneven. With the AAA needle fitted Rev the engine. If the problem is still there fit the AAC needle and reset the mixture to 1 flat away from running even (lean), rev and let us know what the results are.
Do you have access to a gas analyser?
AC
Edited by ACDodd, 01 January 2013 - 01:39 PM.