Ok I've got a little more of an update and a little trip report too.
So the ESC is definitely working correctly now. The leanness in the power enrichment circuit in the carb has been corrected.
Today I drove the truck about 200 miles to get feed. So 6 empty 55 gallon barrels on the way up, 6 filled 55 gallon barrels on the way down. That's a little over a ton of feed about 2,200lbs. I've made this trip many times with this amount of feed so I know very well how she behaves.
So on the way there (empty). I felt like she had a little more spunkk, but what really surprised me was gas mileage. Typically running empty on the freeway averaging 70 - 75MPH I'll be right around 14, or just a little north but not more than 14.5, and that would be more obtainable in the 65-70 range it seems. So we hit a little traffic around Marysville, but other than that I pretty much ran in the 70 - 75. Filled it up and ran the numbers. 15.4 MPG. So that's better than 1MPG increase I'll get to why I think that happened in a minute.
Coming back loaded, a little more than a ton of feed in the bed. There are couple hills on I-5 that would slow me down a little loaded like this, but the most noteworthy one is the hillside motel hill and if any of the local guys read this and know where Hillside motel in Conway used to be (you can still see the sign from the highway), that hill would always slow me down to 55, and I'd be in the right lane, in second gear with the seconaries opened up. Well this time I was in the middle lane, did the entire hill in 3rd and I don't think I had the skinny pedal more than 1/2 way down. That was sure nice cruising up that hill with ease.
So I attribute the increase in mileage and the increase in power to both having the ESC working, enabling me to time the thing correctly and not run around retarded, but also fixing the lean enrichment circuit. In the past from cruise throttle to the point the seconaries opened there was little added power in that bit of throttle, and even the secondaries seemed a little anemic, which is somewhat normal for 305, but still. Of course she's still no 454, but I've picked up added fuel economy and added power, so I'm very happy about that, and feel like the long process with getting the ESC functional was worth while.
I think the only complaint I have is that when empty and running in overdrive at certain speeds, it's probably most prevalent in the 55 - 60mph range, if I'd step on the gas some but not enough to get a downshift, or just before it downshifted, it would lug the engine, without the ESC even running with it retarded it would want to ping, sometimes bad. With the ESC it doesn't ping but I think it has to pull the entire 8D out to do it, because I feel a little drop in power right at that spot. Really I'm being critical to complain about it and I'm not really complaining just taking note of it. Both the ESC distributors I've run in the truck started the mechanical advance very early like around 1K RPM so there is a ton of overlap, in vacuum and mechanical advances, so I image I could tune this out by installing stiffer springs, but as long as the ESC keeps on working I don't think it's really worthwhile.
So I feel like all of this has been very much worthwhile and I'm glad I stuck with it!