Rickey,
Thanks for the help, I'll try and answer all your questions inline below:
Does the engine skip or shake at idle? - doesn't seem to be missing or shaking at idle.
Is the vacuum gauge needle actually jumping at a rate consistent with the (mis)firing of a particular cylinder? - runs smooth at idle, runs smooth at cruise. I don't think it's anything with the ignition system, I have a new coil, cap, points, condenser, wires, plugs. Dwell is perfect, timing is spot on.
Is there any unusual valve train noise? - nope
HMMMMMM '70 model engine......originally speced for leaded fuel only? - yes, but the previous owner and I have been adding the lead substitute. So that's back to 1990 or so. From 1970 to 1990, haven't a clue.
A sticking intake valve or one with a broken spring will frequently cause backfiring through the carburetor on acceleration. - no backfiring, it has lots of gitti'up and go.