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The converter usually stinks because it is overheating. Both that and the backfires are likely due to unburned fuel getting into the exhausd.
So, the question is: Why is unburned fuel in the exhaust?
If it loses power, the fuel is not being burned properly.
Try a tune up, as you state, new plugs, wires, distributor cap and rotor, set the timing AND change the oxygen sensor. It might just be one of these parts, but if yiu say it needs a major tune up, don't cheap out. Do everything properly and save yourself gasoline and frustration.
Also, scan the computer for codes, to see if anything else has come up.
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"We' re all here because we're not quite all there."
I still say a church steeple with a lightning rod on top shows a lack of confidence
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