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You are saying the engine runs backwards after you shut it off right?
In other words the engine is "running on?"
WOT with the throttle closed means a vacuum leak somewhere.
Big cloud of smoke may be the engine regurgitating if it is indeed running backwards.
Sounds to me like Indie missed something, had a bad gasket, didn't hook up the booster, maybe left off a vacuum line.
I have a hard time believing a new ign. switch and points were the problem.
Is this car injected? Maybe the aux. air valve is not sealing.
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Tom - '60 544, '68 220S, '70 145S, '72 144E (formerly my driver, now parting out), '86 745T
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