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Have you tried a compression check? That's exactly what my 350 used to do when it had the factory original, soft exhaust valve seat. It would lose compression and power output reduced accordingly.
One thing I didn't mention, it's got 100 genuine miles on the clock, so, not run in. However, it's been stored since new. So, wear wouldn't be a thing.
Ah, that would change everything. Maybe a main jet problem. Have you cleaned the fuel system? Also, how do you rate a -1 karma ?