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I assume the truck you're talking about isn't the turbo diesel or the rotary but the typical gas engine. I wouldn't think it'd be any good for towing, it's pretty gutless little engine and the gearing isn't much better.
As far as what it's worth, regardless of age anything that is in good mechanical and physical shape is worth anywhere from $500-$1000 it seems. As far as your carburetor goes they're rebuildable so maybe get a rebuild kit and see if that helps.
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Drive it like you stole it
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