Pull the valve cover and check the clearance gap. Sounds to me like the gap is too small and when the engine gets warmed up, everything expands, and the gap pretty much goes away which prevents those valves from closing completely. If that doesn't cure it, you might have some issues with the manifold to engine gaskets, or even the carb to manifold gasket, but I'm puttin' my money on the valves right now.
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Today's Featured Article - More Memories of a Field Service Engineer - by Brian Dye. Introduction: The author worked for one of the largest Ford tractor dealerships in England as a trouble-shooter on tractor engines, hydraulics and combine harvesters from 1963 to 1972. In 1972 he became a dealer manager and finally left the dealer net in 1975 to run his own electronic design and manufacturing company. [Editor] We live right in the middle of Norfolk. The dealership that I worked for sold Fordson Tractors from the 1920's and some of t
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