have a look & see what distributor you have, the 29D type has a common problem where the base plate (vac-Advance) mech wears & lets the points open & close as vac-advance system tries to work on light throttle
an easy check is to take the vac hose off the distributor (or carby) & block up the hole to the carby, & then drive it again to see if the surging has stopped
if that stops the surging then the distributor is the problem
if you don`t have a 29D type dissy then disregard all what i`ve typed & replace your points maybe
