Ok, so compression is ok, then that is not an issue at this point, one step in the diagnostic chain out of the way. And that's assuming the compression test was done both cold and hot, with all plugs removed, the choke plate and throttle plate blocked wide open, and the ignition system disabled. That was step one!
And from the beginning of this thread I see ignition timing numbers all over the place and nothing is right for a 392 that is "stock". And if it's "stock", then ya need to be using specs for a pickup/t'all not a dam Scout II that never had that motor combo oem. One more time, these engines/platforms are not "all the same"!
Loose the timing light right now...we're gonna fix this and move on. Power time it, just retard the distributor until detonation disappears!
Review this thread:
http://www.forums.IHPartsAmerica.co...es-pertronix-require-timing-readjustment.html
Mainly the portion regarding "power timing". Then go out and do it! Fuck a timing light for this!!! Your timing is way too advanced dude! I'll say it again, a 392 cannot use a base timing of more than 6*btdc on this akeegazz shit we call regular today, texas aint no different, e10 is e10.
But you must use a mity vac or something and verify that the vacuum advance is functional. Also, you must verify that all vacuum plumbing is correct, but I seriously doubt that everything is functioning properly, how do you know that??? Has each component been tested for functionality? Are the temp switches operating correctly? If the a.I.r. Pump has been removed, how was that delt with?? I have posted vacuum diagrams on this forum several times, do some research.
Open up the distributor and verify that all systems are operational also. At this point we don't even know which distributor is present so how the hell can we diagnose anything??? No tellin' what distributor is present, we need pictures of the engine bay from several angles and I gayrondamteeya I can pick it apart! Texians that ain't from cleburne do know shit! We must know the details and IH p/n for that distributor, other wise no progress is gonna be made here, plain and simple.
Distributor specs for these motors are all over the place, go review that "distributor I.d." thread and see how many there are, each has a different advance curve. "typical" curves for sv have a vacuum advance can that supplies 5*>7* advance at 10"hg and a mechanical advance of 14*>17" for a total of a nominal 22*>24* or so. But that varies tremendously by each part number and that is only if the distributor is fully functional.
If it's a Holley electronic, or prestolite electronic, then what you are describing (errant/erratic timing) is a typical failure mode, erratic timing all over the place due to component failure.
The spark plug heat ranges discussed here are all ballpark, plug heat range is not the problem!
No mechanic who is not very familiar with all variations of ihc schnizz (most especially emissions schnizz between '72 and '78) is gonna be able to deal with this in a cost-effective manner at a shop flatrate of $95 an hour in your market. Ya better open that checkbook wide and have a major interest in somma them gas wells arount cleburne.
It does no good and is useless to screw with the fuel delivery system until the ignition system is completely diagnosed and verified as functional.
And we still don't have any ignition system detail!
This shotgun approach is gonna prevent any kind of meaningful resolution of this deal.