Alright another question for something that appears simple or I am overlooking.
Do you disconnect/reconnect the IAC while the engine is running?
Last night I disconnected it with the engine off (after warming it up good) and set the idle with the timing light tach at around 750. I reconnected it while the car was running and it surged up to ~2500-2800. I waited a number of minutes but it only seemed to settle down to around 1200.
I tried it again by reconnecting the IAC with the engine off but the idle still never dropped as low as you mentioned above.
Thanks for any further insight.
(I never made it as far as getting to the TPS adjustment)