Re: 1976 75 HP stinger loses power
On checking the carbs: there's really no point. Every carb I've ever rebuilt, I never once visualized the problem. Either it was in a tiny passage, or worn float valves you can't really eyeball 'em & tell they're bad. Removal & reinstallation is the hardest part of rebuilding. Might as well get the kits & do it right.
blown head gasket or exhaust gasket = lost compression, so you've ruled that out.
You're describing a classic symptom of dirty carbs, specifically the high speed jets which don't affect idling. But bad compression or bad spark could contribute to your symptoms, and those are quick & easy to test for, so generally a good idea to do those first.
Get an inline spark tester (less than $10 at autozone), set the gap at 7/16", clip it to the block, attach the plug leads (one at a time) and look for spark while cranking. If it won't jump a half-inch gap in the open air without a spark plug, it won't fire in the hole under heat & pressure.
Make sure the carb throttles stay parallel and end up horizontal (not beyond) at WOT, and that the choke plates stay open except when the choke is engaged.
Then rebuild the carbs.
Link & sync is the process of syncronizing the carb throttle valves with each other and with the spark timing advance. For the full step by step you really need a manual. Sometimes (not always) after a carb rebuild, nothing else changes and there's no adjustments to make during your link & sync.