Hi, There are a number of conditions that could be the culprit causing your low vacuum. You did well finding what you found. Here are steps I would take. First 14“ is too low for power Brakes. As an old PA state inspection mechanic (who also specialized in Fords), 18” is my preferred minimum In these cars. That said I’d be interested in knowing how hard you must depress the brake pedal to stop? I assume your
vacuum gauge is accurate? if you are not sure, test it on another car Or borrow a friends gauge. Assuming the gauge is fine I would start as follows:
1. unhook and plug every vacuum line. Pay particular attention to the one that exits the
intake manifold and supplies the automatic trans. Some of these cars have two,pieces. One at the back of the
intake manifold and a smaller one at the modulator valve on the trans. To access that one you need a lift or ramps to get under the car. It is located near the rear end of the trans.
2) Does the trans shift okay? if any
part of any hose is bad it will act like the shift is delayed or not shift at all.
3) look for any tiny 1/8 ” hoses, some of which go through the firewall into the floor of the passenger side. They work the heat/a/c doors.
4) if the distributor is vacuum assisted obviously check that too. You may have a distributor with mechanical advance only in which case there will,be no vacuum hose going to it.
5) with every line removed and plugged put the gauge on the manifold. What’s the reading now?
6) if it is still at 14 I would expect an
intake manifold leak either at the
carb gasket or at he heads. You can pull off the
carb and change the gasket easily enough. of course the
carb could be bad and Need to be rebuilt.
7) The vacuum booster could be leaking but since you said disconnecting it didn’t help I will assume you are satisfied there.
8)Some cars have a vacuum cannister buried somewhere in the engine compartment or passenger wheel well. Ford used metal cans that looked like a large soup can . They would stuff them inside the wheel well of the passenger side by the hood hinge and over the years they rot out but you can’t see it. Make sure if you have one, to disconnect that vacuum line from the intake usually off the same manifold tap as the
power brake booster. also the
brake booster has a one way valve. If it leaks you lose vacuum. So you must plug the hose before it enters the valve on the booster to test the booster and valve.
9)The final thing would be the most expensive to repair. That is a burnt valve. 390’s are notorious for burning a valve. To find out if this is the case you would remove all the spark plugs and do a compression test. Hopefully you have access to a tester. The general rule is that the cylinders should all read a minimum of 100 lbs or better with no more than a 10% difference between the highest and lowest.
Depending on your skill level you may need to have a qualified mechanic do some of this work. Good luck and I hope it’s isn’t #9.
Good luck and Happy Thanksgiving!
Probably more info than you want but that’s everything it would take to find the source of the leak.