The distributor was far from a simple change and didn't solve the problem but it runs better. I've tried different carburetors, power valves, jets, squirters, did a full tune up, still doing it.
Last weekend, I set out to change the intake gaskets. Still trying to troubleshoot my full throttle stumble, I did a compression test first. All were good except #4, nothing. So I oiled the cylinder and tried again. First try I got about 25, eventually got 50. Increased compression with oil usually means rings. It wasn't running like it had bad rings though.
So I pressurized the cylinder and air was flowing out of the exhaust.
When I pulled the head off, I found that the exhaust valve on #4 was carboned up and stuck open.
This Saturday my dad brought over his valve spring compressor
and we pulled the exhaust valve out. Didn't burn the valve or the head, but you can see the valve wasn't properly sealing and eventually got carbon in it and then really wasn't sealing. The engine I got these heads off of had about 50km on them and were rebuilt but by a high school shop class.
So I'll get the valves redone and I hope this ends my saga of searching for this full throttle stumble/surge. Luckily the cam, pistons, and cylinders look really good.