A C5 converter won't work with an early C4 trans... the input shaft is smaller.
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Yes, that's the vacuum modulator. Just hook it to a vacuum source and the tranny will shift more predictably instead of going 1-2-3 in about 2 seconds. As for the the motor dying when you drop it into gear check the vac advance on your distributor and take a look at where you curb idle is set on your carb.
i did set the TDC on cylinder 1 upon compression stroke. What do u mean mechanical timing?
Mechanical timing is what controls the valve opening in relation to where the piston is in the bore. If you changed the cam, you would have had to come in contact with this. If you haven't played with the cam, then don't worry about that. Have you test fired your motor yet?
Phil
You can find rubber flex hoses at most autoparts stores. I used stainless flex hoses, be careful with those. they like to blow off in your face as you check your timing or make a carb adjustment. I spent a night in the hospital over those things.
Matt