Jay, you post is almost identical to one I posted when I first got a '72 E a few years back. Exact same symptoms. I did the same thing you did, took the plugs out before adjusting the valves. When I was done seemed to run terrible. Did a compression test, no compression on #1 cylinder and I went running for advice to this board. The advice was recheck my vavle adjustments. Now I don't know if there was carbon in the valve or not, but I reajusted the valves on #1 and all was well. If you did have a piece of carbon sticking one of your valves open, just running the car should have removed it. Go ahead and do your valve adjustment again, but leave the plugs in this time!
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Kurt V
No more Porsches, but a revolving number of motorcycles.
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