Faults:
This was one of our cars that my family had when I was growing up. In general, this was a comfortable car, and looking back in time it was a huge, wide tank of a thing. At the time, however, it was an average sized car -- other new cars back in 1974 were smaller, and others were much bigger. If you were a middle class family in 1974 and needed to buy a new car, this one would have been a very real possibility, and on your list to look at.
My parents were not very diligent about taking care of their cars, and it wasn't high on their list of priorities in life to do things like make sure the oil was changed regularly, or check for air pressure in the tires. Incredible as it may seem, they often just drove on and on, thousands of miles, until the engine blew, or the radiator, or whatever calamity might befall. Even still, this did not especially bother them. If they were involved in a fender bender, they'd just drive on, and sometimes we'd go years with major and/or minor dents on our various cars. Again, this was not a bother to them.
I can remember when they bought this car brand new from Stone Mountain Ford around Christmas time, 40 years ago. While this was the Gran Torino and not the plain Torino, this car, with its blue vinyl top, blue paint, and blue vinyl interior (which felt and looked like leather) was still pretty basic, even for 1974. It had an AM-FM radio with one speaker (no 8-track), and no power windows or door locks, and no clock. It DID, however, have optional cruise control, which was a big deal back then, and an expensive option that my mother insisted on having. That cruise control worked for all of one single week, and then it broke, and Stone Mountain Ford did not have the parts in stock to fix it, even though it was under warranty. My parents, just being who they are, did not sweat this out or complain. They just weren't like that. The broken cruise control drove ME crazy back then, even as a boy, but not them! We drove it for the next 10 years or so, and the cruise never worked.
We also had to replace the engine, probably in around 1980 or so, mostly due to lack of maintenance (our fault), and other various issues.
31st Dec 2017, 04:56
Great review :)
Be careful: Anytime an engine loses 30 degrees of timing, the timing chain is suspect. Get a decent mechanic to check the slack in the chain. More than 10 degrees is a flag. Ignore it, and you can be looking at bent valves ($$$).
Having said that, 1974 was a good year for Torino/Montegos in that the offered one of the best engines ever built by Ford - the 351 Windsor.
While it did not have the legendary reputation of the 351 Cleveland, it didn't have the infamy of the 351 Cleveland, either (bottom-end problems due to oiling issues).
They respond very nicely to a 600-CFM 4-barrel carburetor and dual exhaust. The only thing is, that can lead to shortening the life of the C-4 transmission that these (heavy) cars often wind up being paired up with. The FMXs do (a bit) better. Takeaway: At least think about a fluid/filter change, and if you want to do shift kit (on a healthy - read properly-shifting - transmission) on it, not a bad idea ;)
Almost forgot - head gaskets can be a problem, but keeping on top of coolant changes largely mitigates that.
Enjoy :)