Don, if by "engine flare" you mean the tranny flares when shifting, that's the opposite problem of a vac leak. My 1984 300D flared annoyingly when I bought it, but a quick adjustment of the modulator cured that. It should shift quickly and crisply at full throttle, if not, turn the modulator adjustment (behind the rubber cap) in 1-turn increments to make it shift firmer. I can't remember if you turn it CW or CCW to make firmer... CW, I think. When full throttle shifts are firm, then see if part throttle shifts are smooth - if not, then you may have a vacuum leak.
Full vac to tranny = soft shift
Zero vac to tranny = full firm shift
The VCV on the IP, and the "blue flying saucer" (vac amp) on 1985+ models are what control the signal between full (15") and zero vac at varying throttle.
HTH,
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