Engine bogging down with any swift throttle change

[Rotary Evolution]

condensation is normal so i wouldn't exactly say that the spray from the exhaust is a problem but just that the engine isn't warm yet.

standing at the front of the car looking at the engine the mark on the driver side of the pulley is the leading yellow mark, the one to the left is the trailing red mark. the engine MUST be idling below 1k RPMs to set timing otherwise it will advance and not be set properly.

warm up the engine and idle it down to 1k or less(you will hear the engine begin to labor and smooth out when it is in idle mode which turns the engine under base timing until it jumps up off idle), jumper the initial set coupler(not really necessary but it will disable the BAC valve which may hold it above 1k). hook up the timing light to your lead #1 rotor plug, adjust the CAS so that the closest yellow mark lines up with the pointer and lock the CAS. move the pickup to trailing #1 plug wire and it should line up with the far red mark.

to test the TPS, hook a DVOM black lead to battery negative, positive red lead to a small pin jammed into the green wire off the TPS. adjust the screw so that the TPS reads 1 volt with the engine warm and idling at approximately 750-800RPMs.

do a sweep of the TPS with the key on/engine off/engine warm, slowly open the throttle to 1/3 and it should read approximately 4.6v and not have any jumps or drop offs in voltage while doing the slow sweep.

if the idle is being problematic and won't idle down to under 1,000RPMs with the engine fully warm then the thermowax is either stuck open due to an air pocket in the cooling system, is stuck due to age, or the idle air bleed screw needs to be turned in. do this first before anything else, sorry for putting it last.

TPS issues/adjustment and timing are the usual causes for off idle stumbles but it could go deeper to a fuel system problem or a vacuum leak.

if the noise you are hearing when romping on the throttle is a pinging sound, like a ballpeen hammer rapping on a sheet of thick metal rapidly then the timing is too far advanced. your timing pulley on the engine may also not match the hub on your engine if it was ever mixed up before during a rebuild. this is usually distinct in that the engine usually kicks back randomly when trying to start the engine. if this is the case then fix it now or the engine will be short lived as soon as it sees boost.

severe advance knock sounds like you're hammering on the engine with a sledge hammer once and then fades rapidly as soon as engine RPMs come up, when you stomp the pedal off idle.