Mine is a '72 with the old points ignition. When I changed the ignition to a crane infra red pickup my tach started reading high but is not like you described. The instructions with my ignition recommended installing a capacitor to help this problem but I never did. At 55 mine reads 3600 RPM and about 3900 at 60 and 4200 at 65. I my memory serves me right, the capacitor was from the negative side of the coil to ground. Its been a long time so I'm not sure of the value.
A loose ground could possibly cause what you are talking about.
Bob