I have a 1975 Melroe Bobcat M700 with a VH4D. I did a complete tune-up to it including: plugs (0.030 gap), wires, cap, rotor, coil, points (0.020) and condensor. I also adjusted valve lash to specs. Rebuilt the carb, replaced head gaskets, and cleaned carbon off the pistons and valves. Got it running and checked the timing marks=dead on. It was running great for about 45 mins then it started choking and back firing out the exhaust. I drained the float bowl and restarted. No change. I nursed it back inside, pulled the plugs (dry and black soot-running too rich) checked compression. Still 75psi for all 4. Installled plugs and ran engine and checked timimg, this time I noticed the strobe would go out intermittently. More so at working RPM than idle. Replace coil w another new one, no change. The only thing I havent changed is the Distributor itself. I checked suppy voltage and grounds. All good. Any Ideas?