My old 1800E did the same thing with a flat exhaust lobe. It would start just fine, had great even compression, and would run normally at low throttle/rpm. But as soon as the pedal went down, or the revs got a little higher, lots of backfires.
This was a headscratcher for me for a while until I noticed one of the rockers not moving up and down much at all while I set the valve clearances for the Nth time.
I'm assuming that at higher RPM's the cylinder simply couldn't exhaust very well, and when the fresh intake charge came in there was still a fair amount of hot exhaust in there, enough to light off the intake charge immediately.
By the time I figured that out, the cam lobe was *really* flat.
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'63 PV544 rat rod, '93 Classic #1141 245 (now w/16V turbo)
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