My 351C/FMX has this intermittent problem: it was running fine, then 5 miles into a local trip with engine at normal temp, it started surging a lot at mid-speeds with foot off accelerator; but it would accelerate normally, even hard, with no surging. When this surging happens, idle speed is too low, so it stalls at stops.
So I turned up the idle screw to prevent stalling. Was able to drive 3 miles like this home, even though it still surged. But by the time I got home, surging had stopped and rpm’s at idle were now too high, so I turned idle screw back to where it started. Then on a short drive same day the surging/stalling started again, so went thru same routine, idle screw up and down. Same thing since on neighborhood runs only, but the periods of surging/stalling are getting longer than the normal running.
So far have checked float (proper height and not sticking), fuel filter, gas looks/smells normal, and for vacuum leak in hoses or manifold, with no luck.
Background: this is a one owner (me) with original 351C 4V, that was professionally rebuilt with usual overbore at 92.5k miles 4 years ago. I rebuilt carburetor (also original) at same time, plus all new fuel lines, fuel pump, Pertronix, condenser, 3 core radiator, etc. etc. Not driven on the road in winter (fill tank and add Stabil), but engine started about once per month then. Driven locally in summer up to 75mph with some hard pulls, with no engine issues until now in the 1,200 miles since rebuild.
Any and all ideas appreciated. Thanks.