If you intend to use the car in Winter, then you should repair the EFE valve. They are available and it serves an important purpose. If not, then either wire it open or remove it and use the casting without the valve. What it does is- in the closed position it forces all the exhaust gas from that side- back up through the exhaust crossover in the intake manifold- then out the passenger side exhaust manifold. If it stays shut you can boil the fuel in the carburetor. Once the motor heats up it opens and both sides flow normally.