Idle drop by 500 rpm?

The damn thing was fine after I fired it up yesterday, thumping..... it spit at me again, today after I came home from work... That Engine Has NEVER done that.... ever! Maybe I should try blocking the brake master line off...
If you mean "spit at me" that is back firing out the carb, that is more related to a timing issue, or an extreme lean condition.
Are you using a stock harmonic balancer?