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Does the oil smell like gas?

Yup, psi is not important. Also remove the radiator cap and look for bubbles.

If you have a compression tester like the Milton I have, the hose is a quick connect and can be hooked up to an air compressor. You can thread it into the spark plug hole and pressurize a cylinder and listen for where air hisses out. Make sure the piston is at the bottom and both valves are...

Have you done a compression/leakdown test?

Kool!

Something obstructing the inlet. If you pull the top is the bowl full? Was this carb on the car and running before? Piece of debris in the main jet?

Welcome aboard! All of the common parts should be obtainable at a local parts store. Most likely will have to be ordered in due to the age of the vehicle. If you broke a con rod, you might have to have a used one reworked.

A good coat of grease/oil and cover with plastic to keep moisture out.

Back in the 80's I drove a 76 cordoba with over 300k on the original 318. I changed the timing chain twice and the rod bearings once with the motor in the car. I finally traded off the car when the 2nd set of ball joints wore out.