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Spark plugs going bad could cause it to miss at high speed but
NOT backfire. Check the inside of your distributor cap and make
sure it doesn't have any tracks between the individual contacts
(which could cause a spark plug to fire on overlap and backfire
either through the carb or exhaust)
Another possibility, especially if you are using original
lifters, is that you have wiped out a lobe on your cam.
This happened to me on a 67 122 and also on two different
B30 engines. Quick way to check is to pull off the
valve cover and using a ruler from the top head surface
to the retainer, have someone turn the engine over slowly
(use a wrench on the front crankshaft bolt) check the lift
of each valve. All should open 3/8" or more. If you find
one that doesn't open, there's your answer. I've been using
IPD lifter and pushrod kits and have eliminated such problems.
(of course if the cam is bad you gotta replace it.)
Under no circumstances reinstall a worn OEM lifter - one
that is not perfectly flat and shiny on the wearing surface.
You will only eat up the next cam.
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