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 by any chance are you using a msd ignition system?  all  the wires exiting the msd box must be separated from each other as much as possible, i.e. don't run them all thru the same grommets, etc.
 I had exactly the same symptoms as you list & the cause was the wiring.
 
 Z.
 
				__________________'65 K code Mustang
 '66 Galaxie 500
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