So, the popping isn't as often, but still occurs on acceleration... Do you still smell 'hot metal' when it occurs?
I don't know why arcing would only occur on acceleration...
I don't know '75... On my '78, the dome light wire runs thru the windshield frame, to the roof top and back to the dome light, on the pillar... Do you have this dome light and does it work? Any sign of arcing around it?
Is your gas pedal linkage touching any wiring? Like... Floor it and short something out...
Same with the other pedals...
You say the gauges work... Including the ammeter?
I thought it was a loose bare wire, touching metal under certain conditions... Now, I'm thinking its metal being moved to touch a bare wire... Like the pedals, under the dash or the carb linkage under the hood.
If it really is arcing, you're just gonna have to look at every place that your wiring breaches metal... Holes in firewall... Springs around drivers footwell, etc.