emjay
+1y
terrible fuel mileage, black smoke and a stock carb are an indication that the carb is running in limp mode. Check to make sure that all the sensors are nice, clean and working. This includes testing out the little green coolant temp sensor, the oxygen sensor, and the devices on the carb itself. When one of those dies then the computer will run rich, to protect the engine by preventing it from going too lean.
The easiest way to rectify this problem is to put a Weber carb on it and be done, as there are many many sensors on a stock carb and replacements (for most) are close to 3 digits in price.