After determining on the "Today's Conundrum" thread that most likely have a blown head gasket along with some valvetrain issues, I decided to start a separate thread, complete with pics as I try to undertake this repair. Part of the reason I bought an LBC was that I wanted to tinker with it. I did not expect to have to do something this complex so quickly! I briefly mulled taking it to a shop, but I have decided to go the DIY route. If nothing else, it's going to be a pretty interesting learning experience!
Hood removed from the car.

DSC_0006 by onyxsax, on Flickr
I also removed the front grille as I have to replace the hood release cable.

DSC_0010 by onyxsax, on Flickr
This appears to be a vacuum line coming of the forward carburetor. Can someone tell me where the other end hooks up? The line "appeared from nowhere". I believe there is a similar plug on the rear carb. Does it connect there?

DSC_0016 by onyxsax, on Flickr
Spark plugs removed, valve cover removed. Can someone tell me what the yellow plug was once hooked up to? Is it something I should re-plumb?

DSC_0017 by onyxsax, on Flickr
Close up of the mysterious yellow plug:

DSC_0020 by onyxsax, on Flickr
Hood removed from the car.

DSC_0006 by onyxsax, on Flickr
I also removed the front grille as I have to replace the hood release cable.

DSC_0010 by onyxsax, on Flickr
This appears to be a vacuum line coming of the forward carburetor. Can someone tell me where the other end hooks up? The line "appeared from nowhere". I believe there is a similar plug on the rear carb. Does it connect there?

DSC_0016 by onyxsax, on Flickr
Spark plugs removed, valve cover removed. Can someone tell me what the yellow plug was once hooked up to? Is it something I should re-plumb?

DSC_0017 by onyxsax, on Flickr
Close up of the mysterious yellow plug:

DSC_0020 by onyxsax, on Flickr