TODAY is a Great Day to visit our Store and order the parts you need for your truck ! ! !
does it run hot?I ask because it seems there is a restriction, perhaps, in the exhaust flow. If that is the case, it would run hot since the exhaust will have a hard time leaving the engine. Do you have a catalytic converter on it?
Check your throttle linkage and make sure your carb is achieving wot, also make sure your choke is fully open after the engine reaches operating temp. Do you see black smoke coming out your exhaust? At 2500 rpm is the engine missing or bogging? any pinging?
To me it sounds like either your timing is way retarded, your exhaust system has a restriction in it or there is a fuel restriction like a kinked line or clogged fuel filter. My $.02
How are you setting your timingHook the vacuum gauge to an intake vacuum port and route the gauge up to the windshield. Duct tape it to the windshield and put the truck in gear. Accelerate to WOT and observe the vacuum gauge. It should drop to zero and rise. If it stays at zero suspect a plugged exhaust.