HELP - Daily driver, engine backfires, no power HELP

[Trfsrfr]

Fixed.

It was a broken metal piece inside the ignition pick-up. I couldn't see it until I pulled the distributor. It looks like it was rubbing on the rotary vane.
I was going to try and just just replace the pick-up, but I broke the drive gear when trying to remove it from the shaft. At that point it I just bit the bullet and gave them another 60 for a reman distributor.
Limited Lifetime Warranty of course.
All good now, runs great, with a new tune-up.

 

[Chris_1]

Fuel filter isn't very expensive - it can't hurt to have a new one on there.

 

[used to be a chevy man]

Something that stuck out to me was that there is black liquid coming out of the tail pipe and that you overheated the motor. Those two things combined sound like a bad head gasket/ warped head. I overheated a vehicle once and it had the exact same symptoms you described. It had a warped head. To know for sure see if its using oil or anti freeze or if there is oil in the anti freeze or vice versa. I hope this helps.

 

[used to be a chevy man]

You may also have a plugged up catylitic converter because its using oil. To check this just unbolt the converter and start it up (note it will be really loud)