I'm not out of the woods yet.
This morning was a glorious opportunity to head up to Mount White and take the old two-lane road back, so I did. The car was very happy, except waiting to turn right off the Pacific Highway near home, when the idle "sagged" again. With the engine idling at home, there were lots of bubbles coming out of the fuel pump inlet, and when the fuel level in the pump bowl rose to the gauze, the idle came good.
The tank was less than 1/4 full. I'm beginning to think there's a crack or pinhole in the fuel riser pipe inside the tank. To double-check, I'll take the stationary engine tank from the test stand and plumb it into the car's fuel pump. If no bubbles, I'll fill up the car, and park it on a slope, driver's side downhill. The fuel riser pipe should be immersed in fuel for its whole length. If I don't get any bubbles in the pump bowl, that'll be a confirmed diagnosis.
My 1957 master parts catalogue lists the fuel riser pipe as a spare part, so they were a serviceable item. But at this point, I'll need to find someone who can repair fuel tanks.
Rob