Mil1ion
Still Da Man
Just sitting here waiting for TECH questions 
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sounds like a vacuum related issue...check the vacuum line down at the transmission where is connects to the Modulator. Usually leaks are found there
Do you still have the electric solenoid on the carb .
see chart for 7-74-R10 for settings
http://mil1ion.clubfte.com/78CalibrationCoding&Tune-upSpecs.html
Here is a question...I have a 78 bronco, auto, a/c ..starts up warm or cold runs great, put it in drive, accelerate to highway speed, slow down to turn left or right off the highway ..step back on the gas and it seems to 'stumble/pause/hesitate' unless you feather the pedal and it goes on like no problem ..carb was rebuilt and cleaned out ..tried the recommended setting for the accelarator pump as well as other trials, changed accel. pump diaphragm...just been using it as it is, works fine for me..cuz' I know it's quirks ..but the wife can't deal w/ it like it is so she refuses to drive it