5.5 turn on these screws is not normal, with gunk in the fuel filter bob is right in thinking that the carb ( and probable the entire fuel system needs cleaned ) maybe this truck was vandalised with the "sugar in the gas tank trick " at some point in its life and may be your problem. Also, there is a screen at the end of the pickup tube in the tank, and usually if you blow out the gas line with air it will blow the screen off the end of the tube ( which is no big deal ) and should eliminate it from being a problem. However if you suspect a fuel flow problem hook the inlet tube for the fuel pump to a 1 gal. can, this will help you rule out a problem with the tank , lines or pickup screen...
A good vaccume gage can also be used as a pressure gage, and this you can use to test your fuel pump. It should be putting out around 6 lbs. of pressure. test it before the fuel filter, don't let a trickle of gas going to the carb worry you. the carb will only take what it needs and when it is ideling it don't need much.
The crankshaft moving in and out is called " crankshaft end play " it indicates a high millage motor with a warn thrust bearing, usually no big deal ( in a small amount ) but I have never seen one with the amount you are describing
( 1/2 in. ) something is up there, are you sure the crank itself is moving, or is the pulley just bent and makes it look like it is moving ? The best way to check this is ( with the engine off ) crawl under the truck with a crow bar, put it in
between the block and pulley and gently pry the crank towards the front of the truck and take a measurement between the back side of the pulley and block. Then reach up with two hands on the front side of the pulley and push it back towards the rear of the truck until it wont move back any further and take another measurement between the pulley and block. this way you will have a more accurate figure for the crankshaft end play. If it really has this amount of end play the front main and rear main oil seal should be leaking, and if it is leaking does the truck have enough oil in it to pump up the lifters ? Just a thought...
I am not sure of the correct torque for the pulley bolt but 75 ft lbs should be enough. the big thing is just to make sure the pulley is seated onto the face of the crankshaft ( no play between the pulley and shaft ) you will figure this out while under there and pushing on the pulley by hand.
let us know how you make out ....
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