Hey twood, welcome to classicbroncos! Sorry it's for such a crappy reason, but hopefully you can find help (or just solace) here.
And since I don't have an answer for you at the moment (still thinking), I'll just throw in an FYI that a rebuilt engine is not a "crate motor" just so we're on the same page.
Crate motor is all brand new stuff, including the block. A rebuilt engine is simply a rebuilt engine.
Ok, so that out of the way....%);D Did the company doing the diagnostics at least test for sure if the cam lobes were flat? Did they remove the valve covers and run it for a bit?
They're correct that this could be a cam issue of course. Not knowing if the new cam was properly broken in is a huge question mark with any new setup. But it's easy to test too, while the engine is running I would think. Messy, but doable.
Checking to see if all valves are being opened the same amount, even just visually, can go a long way to deciding which direction to take.
Even rocker arms get loose and pushrods bend and fall out.
But then, there's that steady vacuum thing you mentioned (good full explanation/description by the way!) which would normally indicate zero issues with the valvetrain.
But while that's not helping, it may still be very good news!
What is the vacuum reading by the way? Less than 15? Or is it between 17 and 21? The latter being fantastic vacuum for a cammed engine. Especially when it's an unknown generic "RV" cam and not a known part.
Crappy of the builder to keep information secret though. Once it's sold anyone can easily check there products and build quality. Wonder why they think nobody but the original purchaser has the need, or the right to know details.
Strange.
I'm with Broncobowsher too, in saying hold off on all the new-motor talk until more things have been determined for sure. An engine can survive a wiped out cam and it would be a shame to waste all that nice new stuff.
The engine might not be happy by any stretch, but it can still survive and come back to play hard again.
When you were verifying the firing order, did you watch rocker arms, or at least put a finger over the different spark plug holes to verify the order 100%? This may be important, so keep that in mind if you did not.
And what about the carburetor? Will it idle (even too high) at some point if you just keep turning the adjusting screw farther and farther? At what point does it run without you pushing on the throttle?
Did you check for vacuum leaks while it's running? And what about the PCV valve? Is it connected correctly?
Ignition timing, pcv valve, evaporative emissions stuff connected (if applicable)? Anything else modified you know of?
Got any pics of the engine compartment you can post up for us to see? Aside from the act that we love to see pics of all our Broncos here, we might also be able to see something amiss that others might have missed.
Not sure how familiar you are with Early Broncos in general, but not so much a pic might help. As it often does.
Good luck! Oh, and what year is your Bronco? Not sure if I asked that already.
Paul