Well... havne't had much time to work on my piggies lately, but things have finally calmed back down and I started messing with them again. Got married in June and it was just a couple of crazy crazy weeks before and after so not a lot of time to work on things. Then got home and the house was a mess from not being here for two weeks. Got married at Sand Mt and it was awesome.
I ditched the pointless ignition and put the points back on trying to figure out what's up with the aweful backfiring. No real effect. With the timing correct and everything how it should be it was still shooting flames out of the carb every few seconds.
I pulled off the valve covers thinking maybe I had a stuck intake valve (it had been sitting for a LONG time before I got it). No stuck valves, but this:
The nut is adjusted all the way down to the bottom of the threads. The cam/pushrods are just worn out I guess.

Wierd though... the motor WAS running better then it is now and I don't see this being a all a sudden kinda thing. THis almost has to be the cause of the backfire though. I had it running and was watching it and the exhaust valve isn't opening as nearly as much as it's brothers. :/ Bummer.
At this point I'm not really sure what I'm going to do. By the time I rebuilt the heads and replaced the cam.. I am going to have more money into the rust bucket then I really want to put into something so ugly (when I have a nice one too). I really like the truck though and don't really want to part it out. I am hoping maybe to find a used SBC somewhere that runs good and can just swap it in.
I think tomorrow I'm going to tow the blue one over to my parents house and put the motor in it finally. So hopefully next week I'll have a nice driving pig finally.