I fixed it!! I took a piece of vacuum hose & used it to listen around all potential air leaks. I heard air by the IAC Valve and around a few of the rubber ends.
First, I replaced two of the vacuum hose rubber ends (both elbows...one to the EGR, and one to the plenum). Then, I removed the IAC, only to find that there was a new gasket, and an old gasket. Pretty good reason for an air leak, eh? The old one was caked on pretty good, so I used some valve gasket remover. That normally works great, but this gasket was on good. I wound up getting out the dremel tool, and lightly sanding the old gasket off in-between coats of gasket remover. That worked well. Then, I used some of the copper gasket to ensure that the new seal would take well. It might be tough if I ever take the IAC out again, though.
While fiddling around the IAC, I noticed the end of a (~1/4") pipe staring me in the face. At first I was frustrated, because I thought I might have to take the manifold off (again) to see where this came from & where it went to. But...After looking all around, I found that the Throttle Body (on the bottom) has spots for not only the two small vacuum hoses...but also for this larger pipe, which must be guided in there before mounting the TB back to the plenum. I unmounted the TB, guided the pipe in the hole (to the right of the IAC), and remounted the TB to the plenum.
Reconnected the battery...cranked her up, and presto...the idle is no longer 2500-3000 RPM. I'm now down to 1500RPM cold, and 900-1000RPM warm
. Thanks everybody for all the help!
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Scott & Traci
'88 GT