Take a look here if your emissions sticker is missing. I think it should be the same as your '77 ->
viewtopic.php?f=5&t=17617A bad rear axle usually indicates it's 'badness' by making some sort of racket, whine or clunk.
Again, not my area of expertise, but if you suspect the rear axle, check for brake drag first. If that doesn't turn up anything, then check for a slipping clutch. Here's an easy way to do it ->
viewtopic.php?f=5&t=16991&p=128470&hilit=slipping+clutch#p128470A common cause of vacuum leaks is the EGR port, cracked hoses, and misrouted hoses. Use WD-40 or carb cleaner and lightly spray around various parts of the engine while it's running. If the engine speed increases, you've found the general area of the leak. Watch for overspray. I was convinced I had a bad shaft bushing in my carb, but it turned out the spray was drifting down to the EGR. That's where my leak ended up being.
I'm basing these recommendations on a very general t-shooting concept, you've indicated that you seem to be lacking power. If you find I'm way off base, just wait. Better mechanics than I will surely jump in to assist you.
Still having an issue? Keep posting questions (
after you've used the search feature, of course) ...

Good luck.