Thank you Jim and all other for those comprehensive ideas but I'm afraid I can't handle too much of this information since I am a greenhorn in cars mechanic, despite the fact that I am dealing the very first time with an american classic. Maybe the problem lies somewhere we did not think of, even more trivial then the ones you've stated.
Let me summerize:
1) I bought this car with an already high idle (was about 1.400 rpm if I can still remember),
2) The car had never starting problems, ignition was almost instant,
3) I gave the car to a mechanic (later turned out he wasn't quite trustworthy) because the car had to have replaced all fluids, some minor body work, rebuilding brakes, engine overheated and what was most significant, it just slammed into R and D gear (probably because of those high rpm's),
(the engine was overheating when at traffic jams, but after changing a) spark plugs for new, b) flushing myself all the radiator (there was a lot of butter) the "idiot" light showed up never again.)
4) The carb was dissassembled (it looked just gross, overgrown with thick layers of oil and mud), so was the intake manifold and top cover of engine (the one between the valve cover, under the intake manifold), all gaskets at that point has been replaced),
5) The day I was going to pick up my car I ran instantly into a problem, for one there was really strange knocking coming from the engine bay (turned out it was the loose distributor cap with the rotor bangnig against it...) and because the mechanic did sth. wrong with the carb adjustment, my exhaust muffler exploaded... I did leave the car to have this repaired at once, and picked it up on the next day. Arriving at home (driving somewhat 25 miles without issues) I ran some diagnostics by myself because I did not want to put any more trust into this sloppy work of my mechanic. So I measured the rpm's on warm engine (they were quite fine, steady at around 750, with the gear in D I could even go down to 600 by backing out slightly the idle screw), checked timing (was at 6° BTDC), checked the vacuum, reading was at around 19/20 and last but not least I looked for the dwell angle and here it happend

The meter read 14°! I took my alan wrench, opened the little service window at the distributor and rose it to 28,5°. The engine responded to this immediately with higher rpm and greater timing. Cant remember if the vacuum can was disconneted at that time (like I said, I am learning by doing

but I surely measured at some point the BTDC with the distributor vacuum hooked up.
This was the point where I have lost completly control over the engine's rpm. Could that be just a coincidence? First I came up with the idea of setting the dwell back to 14° but that did not work anymore. Next I checked all the wiring, in fact some of the spark plugs were loose and I had to tighten them (courtesy of my mechanic) and on cylinder 5 there was a shortcut (everytime I squeezed my hand between the A/C compressor and engine block to reach the spark plug I got shocked

. I looked up my distributor, the cap was in my opinion in quite a good shape (the pic is at the beginning of this topic) like it should be for 36k miles, however the rotor showed a little bit of burn at the very end of the metal plate (it was also changed for a new one). Wires were original (dated with 4-Q-65 PACKARD RADIO TVRS LR), they were not brittle, anyways I changed them for new silicon ones from AC DELCO Professional - and it did not have any impact on the engine rpm or anything else. Sparkplugs were, possibly, also factory, AC 45S (picture below, the first two are as they came out from the engine, third one I just cleaned for commparison). The mechanic put in before new ones - AC 45 RS (dunno if that's bad or good). Old orignial are a) points mechanics, b) condenser, c) coil, d) wire coil-distributor, e) vacuum can.
I even readjusted all the levers and float to factory settings - nothing helped.
Maybe you can come up with some new thoughts
Meanwhile I will do as you stated Jim, check again the power valve etc.
Re: Your drawing: As stated:"
- Set the idle speed to manufactures specifications. When the RPM is too high, the idle circuit is bypassed and adjustments will not affect anything."
The rpm is in fact way too high, and I am afraid my idle circuits are just bypassed all the time. I still believe that the engine is stock so there would be no use of drilling bigger air bleeds? In fact, I rechecked and recleaned yesterday all the carb with exemption of this curious T-shaped metal piece with a spring under it, and possibly the checkball? Did not touch that since it seems to be very fragile and I don‘t really know what it does. . However all other passages in the carb are super clean. If the power valve is leaking I can not say, I will check that again but I am not sure what else I could do besides just looking at it and trying to pressfit into the guide slide.
P.s.: Trying to answer your previous questions:
- As I said, the plates are centric, however they are slightly smaller in diameter then the bore (maybe because of heat extension?) and there is coming at specific angle a small amount of light through, besides that the plates are not closing perpendicular to the bore but what I think at a 10°angle as engraved on the top of em,
- Excuse my misinterpretation, not the shaft but the end of it, at which sits the outer lever is fixed together along with the shaft by means of a pressed nut or rivet to the casting, don't think I could disengage this without damage.
- The shaft on the pic is wet because of carb cleaner remnants
However I do recall of gasoline leaks when I was pumping "via the acc. rod" gasoline into the carb when I was checking the thigtness of all the linkage. The amount of gasoline was sufficient to wetten the gasket under the carb - this leak was strange to me.
- Yes, advancing the timing raised rpms but it didn't smooth it out, it was just worse, almost stuttering, either way if I advanced or backed the timing from those +6°. There was no way of smooting out with the idle mixture screws.
- Disengaging all the linkage, backing out fully idle screw let the carb in a ghostly manner still running at ~1300 rpms (there are highs and drops of approx. 100) ,
- The dashpot is a nos, the original one was stucked, after breaking it free it was leaking. However it is disconnected since it's working conditions are not given (as the manual says, the dashpot should raise the idle rpm to 1030 in order to be fully working),
- As I reassembled yesterday the carb, I also had to reconnect the choke warm up tube, going from the housing inside the intake manifold. As far I have even extra lubed with some heavy duty grease the threads of the upper mount/port I can't speak for the tight sit inside the manifold. All I did was spraying lots of carb cleaner onto it and it was tight,
- I will look after the sparkplugs again.
Again thank's for your advice and help!
Artur