Ok thanks for the insight, I swaped out the carburator and fixed the idle issue, I then read up a little on how the 203 functions and I installed a front drive shaft. What came next was awesome, I got traction in every gear the truck is alive and moving. Im still having a problem shifting it to L Loc but for now Im happy knowing that the transmission is good. Apperantly the guy I bought the truck from never installed the front driveshaft and just assumed that the trans he had rebuilt was not done right. Now I just need to put some exhaust into the open headers and its ready to roll.
Thanks