Great questions. Answers are two of the primary "theories" as to why this engine does not run well carbureted. This engine is literally a IO-520-D that has had the fuel injection removed and a p.ponk modified carburetor installed. So this engine, unlike the standard p.ponk, has the higher compression pistons in it (field approval). I'm not sure if the higher compression pistons contribute to the problem but that has been suggested as one possibility. The carb was recently overhauled prior to Ly-con becoming the official overhauler for p.ponk. I spoke with Ly-con and they mentioned they have disassemble several carbs overhauled by this other facility and noted the other facility was using some un-approved parts resulting in poor running carbs. The thing is I have communicated with a couple of different owners of carbureted p.ponks who had very similar issues, very high fuel flow to keep the rear cylinders from running too lean of peak egt and wide egt differentials (although I did not learn of the Ly-con discovery at that time so I didn't ask who overhauld/modified their carbs). The really puzzling thing with this engine is that with partial carb heat (40 degrees) you could then lean the engine to a very reasonable fuel flow and the egt differential were as good as fuel injection. Now keep in mind the engine did not run rough or bad, it was only after I installed an EDM-900 that I discovered the rear cylinders weren't getting enough gas at the expected fuel flow and that it would run perfect with partial carb heat. I did eat up a couple cylinders until I installed the EDM-900. I recommend anyone who runs a big bore Continental, carbureted or injected, to check out G.A.M.I. injectors web site and see what they discovered on why the Continentals run lean on those back cylinders and rich on the front. Also check out Pelican Perch on the article about 0-470's which the author describes as having the worst induction system of any certificated engine.