Disconnect your lambda probe, then go for a drive. If it runs better, then the fun starts. These are the exact same problems I have, only I need to find the solution. But I think now I know where to look, thanks to DP and DH.
Talk to me... What are we looking at here? Just HOW weak is your car?
My car has never been right ever since I got it. I saw that the lambda probe was disconnected and thought that may be the problem with my rich mixture and lack of power. When I say lack of power, I mean 60bhp at the most. That was after I had the charger rebuilt. Anyway, I connected the probe and set the emissions up. They were at CO was up to 13.

So I knocked it back down to just over 2. I drove the car, but it had absolutely no power, it was misfiring, kangarooing and stalling. So I disconnected the lambda and had instant power, much more than I had before, but not full power. Probably only 150 or so. So I bought a new probe and installed it and that made no difference. Still kicking and bucking. After talking to a few people on here, I found that there is a relay for the lambda, so I bought a new one a couple of weeks ago. I changed it, but still no difference. So I am now down to chasing wires.
The previous owners boyfriend called himself a mechanic. I call him a tw@t because I am completely vexed as to why he should have tweaked the CO to heavenly figures. The car now still runs very rich, but this is because of the lambda problem. It is permanantly disconnected which puts the ECU into 'safe' mode, and pours fuel into the injection system.