Sherman - thanks for the info on the cluster, and Aaron - thanks for swinging by with the part! Frankly, I'm glad we spent your visit driving different vehicles around and shooting the breeze rather than trying to get the 'vert running right. Aaron was even exposed to 'the routine' with the RetroMom wagon. He was patient enough to ride shotgun while I went round and round the cul-de-sac while my kids bashed around in the backityback of the wagon.
I'm drawing a line in the sand on this car and I'll let my bro-in-law decide what he wants to do. The car now runs a lot better than it did, through a combination of simple repairs and masking of the apparent computer problem. I still tend to think he should move it along and let it be someone else's problem, though I have to admit that I now see the fun in driving the little convertible.
The 'new' cluster, a VDO unit out of an '88, behaved exactly the same as the original Motometer '87 unit that is again reinstalled (except that the temp gauge on the 'new' cluster worked perfectly!). So the problem is apparently not in the cluster. After reinstalling the original cluster, I remembered reading on one threads or another that the green wires on the back of the cluster were the speed-signal outputs. Since the cluster was 'not the problem' then maybe if I disconnected those outputs......VOILA! With no speed signal outputs connected, the car can run as fast as you flog it, and actually moves pretty well. Fun to scoot around in.
Well, sort of fun. There has also been some regression in other areas. It's more obvious than ever that the tires are shot. There is a lot of tread, but there are HUGE areas of sidewall with massive dry-rot on them. A lot of the shimmy and shake on the car is probably from those shitty tires. And there are certainly a bunch of bushings and mounts to swap out. And the starter relay or ignition switch is now dead, so I'm starting the car by turning the key on and then jumping 11-14 on the diagnostic port. Kicks right over, but it's not real graceful

And the reality is that all I did by disconnecting those signal outs is kick the can down the road (isn't that the American way?

). The ECU is probably toast or on it's way to toasted. So the list goes on.....
It's been a real team effort, with good results, and very much appreciated. Thanks guys for all the info and pointers!