We used to say it needs an Italian tune up. Make suree your choke is fully open, at high idle pour about 1 quarter can of Berrymans carb cleaner slowly down the carb, pour about half of whats left in the can into the gaa tank. Now drive out to the country roads then drive the wheels off it till you run about about a quarter tank through it. 60 to70 miles or so. Get every thing g nice and warm then let her eat. In the words of Enzo Ferrari, "Brakes? We don't need brakes! They only slow you down!" Make sure you use all the carb circuits, idle, acc pump, climb so long hills to get the step up valve gets some work. Speaking of the step up, if it's not working correctly it might be stuck open, which will cause wet exhaust, black smoke, lousy fuel milage and fouled plugs. What do your sparkplug look like?