"The only real issue is the engine "hunting" at tickover. The idle air control valve seems to be a very common problem according to two Morgan specialists I've spoken to. I'm not sure if there's more than one type, once I find out I'll order one and change it myself."
Try driving a while yet, with varied speed and driving style, including motorways if you can. See if the idle/hunting settles down. I have the later GEMS set up, and the iacv was fine, although I cleaned then changed it. In the end it was the tps(throttle position sensor) which failed spectacularly and limited me to 38mph and 1600 revs max- not fun on a 4 lane M25 in the rain at night! Oddly enough, I discovered a few days later that unplugging the sensor made the car default to maf readings only, so it didn't confuse the fuelling, and ran normally, but probably without engine management oomph. Subsequent changes identified that cheap Chinese copies are no substitute for genuine Landrover parts in this area.
Good luck, and I hope you get plenty of miles in.
Phil
