Ok, here is the latest on Pepe's electrical gremlins. The problem remains that, intermittently, the reddish/pink wire with tracer that connects to the left hand top post on the starter solenoid gets very hot. It doesn't do it every time you start the car, more like 1 in 5 times. Yesterday I put an ammeter in between the post and the red wire to monitor the current flowing through the wire. Its hard to judge, because the scale on the meter is -60 to +60. However, when the car is behaving, there is almost no current flowing through the wire. However, occasionally it will misbehave, and it looks like there is less than 5 amps of current flowing. But that amount of current makes the wire too hot to touch. And if it is going to misbehave, it does it as soon as you start the car - it never seems to misbehave after the car has been running for awhile. And, if it is misbehaving, if I shut the car off, and restart, its back to behaving. I've replaced the ignition switch (that mounts on the column), the starter solenoid, and the neutral safety switch. The last two got burnt out the first time it misbehaved, back before I knew there was a problem.
Looking at the wiring diagram, the reddish/pink wire joins with a yellow wire in the engine compartment, which goes to:
1) The idle speed control box on the inner passenger fender. Since I no longer have a Carter carb I don't think this even comes into play anymore, and unplugging it has no effect on the hot wire problem
2) The wiring harness into the car, and is labeled wire "AV" on the wiring diagram at the junction between the inside and the engine compartment, where it splits to
a) The ignition switch, or
b) the fuse box, where it looks like it supplies power to the instrument panel
My guess is that there is something goofy going on at the ignition switch, since the problem only pops up when you're first turning the car on. My next step will probably be trying to adjust the switch, or looking for any obvious wiring problems in that area.
Thoughts and suggestions are welcome. Thanks.