1.7s are rarely reliable. You can probably get it working with a full carb rebuild done by an expert, and/or solve any other problems, but I found it was a losing battle. The choking at junctions because of oil in the distributor killed the 1.7 for me.
Problems that come to mind are the carb floats become porous and sink, and the carb base can leak.
If you want a reliable 300 get a 1.4 or a 360.
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