Engine needs a rebuild?

In that case, what I would do is get a can of Seafoam and add to the gas tank and one to the crankcase oil. Then drive the wheels off it. You can also take a third can and dribble it down the carburetor while keeping the idle around 2500. It's gonna smoke REALLY bad, but that will help clean the combustion chambers out. Don't do it idling too low. You can actually hydrolock the engine if you don't keep the idle up. Seafoam is good stuff. It might clear up and be ok.

A question... had major carbon build up on the plugs after the seafoam treatment. Changed plugs, then did a tune up that included new points, distributor. Adjusted the choke and the car was idling better than ever. Did a compression test and all cylinders are great.

Drove it 100 yards and it started to run like garbage again and smoked a ton. Checked the choke and it was fully open after being warm.

What do u think?