marvh (7/18/2010)
I have seen were the rivet on the carburetor throttle linkage was loose on the butterfly shaft. It only was loose enough to allow the shaft to turn if you either grabbed it or as you say "blipping" Just peen it again if the problem.
Worn throttle shafts will also do the same thing to the idle.
Another thing to check is your timing. If somehow a vacuum signal is getting to the distributor and advancing it your engine idle will increase. Hook a timing light up at the same time and take a reading.
marvMarv,
"Fiddling" included trying to twist back the butterfly shaft. No help.
Re: the timing: Kind of a "chicken-or-egg" question. Increasing the idle speed advances the timing. Advancing the timing increases the idle speed. Regardless, doesn't explain why just turning the key off, & back on to re-start would lower the idle.
6 VOLTS/POS. GRD. NW INDIANA