Hmmm... I had a look at things today:
Plugs - were black and oily. Cleaned them.
Plug gap - they were .030". I changed them to .025" but since find that figure is valid only for earlier models so I'd better change them back again.
Exhaust - black.
Distributor - Removed bodgy and broken earth wiring installed by previous owner and replaced it with my own bodgy earth wiring arranged in such a way that the vacuum advance can still operate! Lubricated as per Instruction Manual. Filed points with 600 grade and wiped clean. Replaced a missing circlip on the points fulcrum and a missing split pin on the vacuum advance linkage.
Points gap - HUGE - set it back to around .014". 
Condenser - replaced it with identical one from my parts box.
Cap and HT leads - in pretty good nick.
Coil - I don't have a spare so left it alone.
Fuel Pump - Electric Holden thing. It ticks and pumps plenty of fuel. (Too much pressure?)
Solex Carbi - Appears to leak from every gasket but could be just seepage from a leaking fuel inlet union at the top. (Needs a new washer)
Butterfly Opening - Appears to open and close fully with accelerator operation. Can't see any change when operating the choke.
Slow Running Adjustments - Followed the Instruction Manual procedure but unable to obtain 'hunting'. I'd wound the volume screw so far out I thought it was going to drop on the floor!  

 Wound it in a few turns and reset the idle speed to ~500rpm. I'll try again after a test run.
After all this I tried stopping and starting the motor a few times (with the accelerator pedal depressed as per manual instruction for hot starting) and had no problems but the engine was really only 'warm' rather than hot so I'll see what happens on a test run.

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