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Glad you got it going!

Yep, sounds like fuel for sure as Coug said it could be a fuel pump, or a restricted fuel system. If you are getting good pressure to the fuel filter water tap then it could be a plugged return check valve in the IP, that will also cause a loss of power but you should confirm good flow to the IP...

OK so at 25 MPH are you really revved up like the transmission will not shift or is it just running out of power? the more you describe it sounds more like fuel starvation, the engine is mechanical it has no "limp" mode to restrict power. Basically if it is running the IP and your foot are all...

That could be a "cap" used to seal off a female Packard connector that is not being used

That would be the most common cause of a power loss, I am sure you have cleaned the fuel tank and changed all the filters as needs to be done on any vehicle that has sat for years without use.

I am a little curious how you zeroed in on the transmission? POWER is the engines responsibility, TRANSFER of power is the transmissions responsibility. I cannot think of a situation that would cause the transmission to consume the power from the engine unless something horrific is going on...