Did you see any reason for the ex valve to loosen?
If the jamb nut was left loose, that is an obvious and correctable reason. But if the adjustment was still where it was set, and there was a major change in the lash setting, the change had to come from somewhere.
A bent pushrod is easy to determine, just spin it and watch for wobble.
Also check for a broken valve spring, or a sticking valve.
Another cause though can be a valve seat loose and falling out, holding the valve down. Sometimes they will go back in place temporarily then come out again.
Doing a compression test will show some loss if the seat is loose, total loss if it comes out.
As Janicholson said, check the distributor bushing, point condition and gap. Check for spark quality at the plugs.
There is a drain plug in the bottom of the carb. With the engine off, fuel valve open, pull the plug and catch the gas in a clean glass. The flow should be a solid stream, slow to a trickle as the bowl empties down, but continue to flow as a trickle, not stop or slow to a drip. Look at what was caught, check for water or trash. If contaminated, the tank may need to be cleaned, whatever was in the glass will also be in the carb.
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Today's Featured Article - Talk of the Town: Winterizing Engines - To Drain or Not to Drain? - by Russ Berry. What is this strange attraction I have to equipment and machinery? How did I get this way? I came from the suburbs and own a small horse farm in rural Loudoun County, Virginia. You can call me a "weekend farmer." The local farmers do. Does it bother me? No. I am just happy to have their friendship. At least the word "farmer" is in my title. But what is the attraction? How can I explain the sensation and exhilaration I feel when I turn the key and hear the engine come to life (most
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