There are several reasons, the plug wires are crossed, the timing is retarded, and the valves are not properly adjusted.
The valve timing is offAnswersounds like a possible worn camshaft lobe. a fairly common problem on late 70's Chevy small blocks
When an engine backfires aka (burps) back through the carburetor this usually indicates a lean fuel to air mixture or an intake leak( which is more noticable at low RPM). When the an engine afterfires, aka (farts) out the tailpipe it usually means too rich of a mixture or unburnt fuel is entering the exhaust system
Adjust your timing
carburetor
160 horsepower - 2 barrel carburetor 180 horsepower - 4 barrel carburetor
In late 1987 chevy went to fuel injection on ALL there engines. From 1987 down will have a carburetor.
with rivets
Change the fluids and filters. Inspect the spark plugs and wires. Clean the carburetor.
it has a 34mm mikuni carburetor.
The 1988 Honda 350 carburetor adjustment screws are on the side of the carburetor. There also is an adjustment screw on the very top of the carburetor.
The biggest screw on the side of the carburator, with a spring through it is the Idle adjustment.
It's lean.