***11-5-18 UPDATE***
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So it has been exactly 542 days since embarking on this project/journey/rabbit-hole/money-pit (or insert any similar adjective).
I brought the Bronco home in early August and started driving it on short drives around town (Greenville, SC). It was 85% complete at this point, lacking drivers side fender being mounted, liftgate class, and interior panels being installed by upholsterer. I had a friend of mine that owns a local body shop put it on his frame machine Sep. 10th to straighten the frame, fix the panel gaps, align the doors, and mount the fender. This helped me out tremendously and was well worth the $600 in my mind. It came home on the 13th and I continued to drive it around the house.
Unfortunately, every time I returned home, regardless of time spent behind the wheel, my wife would make me immediately change my clothes because, according to her, I smelled like "I had taken a bath in gasoline". Needless to say, it was running very rich. So I took it up to the exhaust shop that installed the custom exhaust and had them inspect for any leaks - which none existed. The exhaust guy recommended that I find an engine shop to investigate and diagnose the cause of the rich burn and the curious "ticking" the engine was conjuring up.
Luckily, a friend of mine's son is a genius when it comes to engines, particularly carbureted ones. He dove in immediately and tuned the new Edlebrock 600cfm carb which made a huge difference, but did not fix the root cause of the rich burn and smell. He called me up and indicated he thinks the problem exists deeper in the engine and asked if he could pull the valve covers to investigate further. I said, "go for it and let me know what you find". Within a couple hours, he sends me pictures of a rocker arm sitting nearly 90% off of a valve spring and a damaged stud. According to him, I was at risk of catastrophic failure at any point driving it around. He says we need to pull the heads to further investigate.
I just shook my head in disbelief, as my "budget" had already been blown through (months prior), and I had
thought I purchased a ready-to-run, rebuilt, and "upgraded" engine from a guy in GA (not the case). I ask my buddy's son if I could come wrench on it myself to pull the top end and accessories, 1) to save labor costs & 2) to learn about the process. He said sure, come on up. So I spent several hours one night pulling the carb, alternator, A/C compressor, P/S pump, intake, headers, and eventually the heads.
We discover its a wonder the truck ran at all; as well as the (multiple) causes of the rich run. The heads, which were supposedly rebuilt by the guy I bought it from, looked like they hadnt been touched since 1969 and had hundreds of thousands of miles on them. Only 3 of the 16 valves were seated, none had guides, two were literally chipped, and there is a chance the pushrods were the incorrect length. So I took them up to Chris Dover at Dover Cylinder Head at the recommendation of my buddy's son. Chris called me 10 days later and said they were ready to be picked up. When I went to pick them up, they looked like they had literally been cast the same week. It was hard to believe they were the same heads I had previously dropped off. Everything that could be replaced was replaced, cleaned and/or rebuilt.
I delivered the beautiful "new" heads back to the shop a couple weeks ago. This past weekend was the first chance we had a chance to start putting it all back together. I went up to the shop on Saturday evening for a couple hours to help out but had to leave prematurely to help my wife at home. He texted me at 10:30pm and said, "we got her running good again, but I am still not 100% confident in the lower end of this engine". I am so anxious to get the truck back, but I sincerely appreciate his attention to detail. He wants to test drive the truck some more before sending it home again and see if any other problems rear their head- fingers crossed they dont!
I also was met another CB Forum member, Crawdad, and his son yesterday. He and I were able to swap some parts - he had the liftgate glass I needed and I luckily had some parts he could use in his projects. So I chalk that up to a success!
Sorry for the long post, but I am doing this as much for myself as I am for the readers enjoyment of my project-perils. I am chronicling this adventure so that one day when it is running right, I will be able to look back and remember everything it took to get to that point.