Re: Runs badly
Looking at the vid, the tach dosen't look to be following the actual engine speed (reading low) as well as the fluttering as has already been mentioned.
Bad grounds spring to mind for fluttering tach, but theres more going on here.
I suspect that there could be an issue with the tune/eprom - try removing and reseating the eprom, or substituting eprom for another if you can borrow/buy one.
When it goes closed loop, try shorting out the temp sensor connector by the thermostat housing to fool the ecu that the engine is hot, just to rule that out, but I dont think that would be the only problem here.
Although doubtful, because you would have a warning light on and a code set (you have checked for/read the trouble codes again?) Is the EST wire connected under the dash? and is the timing correct? - you need to confirm the balancer outer ring hasn't slipped (very common with the stock dampener - not an if, more 'a when') and that you have true tdc when the timing mark shows zero before you start.
Two last things.
Very old/bad gas will let the engine start and run, but usually runs like crap, when you put a load on the engine. (this dosen't explain the low reading tach though). Also, you dont have any aftermarket ignition boxes or anything like that on there (or anything else non stock) that you haven't mentioned?