1. Oil has absolutely nothing to do with it.
I thought that sounded like a load of BS myself but was reporting what HE was trying to tell me.
2. Your idle is WAY too low - 365's want to idle at about 900, and will produce reasonable vacuum (9"-10") at that rpm. Set it up - screw on the driver's side of the carb with a little coil spring around it.
yep, I know it's way too low. L76's should be around 850-900rpm's at idle. It was at around 750-800 when I picked the car up from the shop last week but during my driving yesterday it dropped and has stayed down. This started approx. the same time frame the temps started climbing real high.
3. Your vacuum advance is not working, which is retarding your timing at idle and cruise; either you're not getting a manifold vacuum signal at the vacuum port near the top of the pass. side metering block, the fitting is loose, the hose is cracked, or the vacuum advance can isn't working. Dunno which advance can you have, but it should be a NAPA/Echlin #VC-1810, stamped "B28" on its mounting bracket.
I'm not sure what can it is, I ordered it from LICS last year along with the other parts when I had the distributor rebuilt. it has the number 236 on the mounting bracket. none of the fittings seem loose to me and the rubber hose doesn't have any cracks in it - I checked that earlier today.
4. Thermostat MAY be a contributor - I'd change it - the best one is the Robertshaw #330-180, also repackaged and sold by Mr. Gasket. GM has a new thermostat gasket with molded-on silicone beads that works great - GM P/N 10105135.
When I was at NAPA this morning I got a new T-stat and they sold me one which is NAPA branded #530090. Box says it's made by Standard-Thomson Corp. I hope it's the right one.
5. Dwell setting should be 30*.
I'm going to try checking that this afternoon.
6. The choke linkage (and the inside of the round black housing) apparently needs some attention.
If you were next door, it wouldn't take me fifteen minutes to dope this out; your mechanic should be able to do the same.
John, what's your address? I'm packing and moving to your neighborhood!